Category Archives: Foreign Trade Zones

Executive Panel: Industry Leaders Discuss Global Trade Initiatives and Capabilities

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Webinar: Global Trade Initiatives & Capabilities
December 2, 2010 at 4 – 5PM, EST

Following the AberdeenGroup’s research with 136 enterprises from September and “regarding growth and complexity in global trade operations, we can see that changes in trade lanes, shifts in trade volume and increases in overall supply chain complexity have combined to place a renewed focus on the concept of global trade management and compliance,” said Bob Heaney, senior research analyst of supply chain management at Aberdeen.

Please join AberdeenGroup and distinguished industry executives (topic areas are considered sensitive and company names are not disclosed) as they discuss global trade management initiatives and practices within their enterprises around FTZ, Restricted Party Screening, 10+2 and other initiatives. Key topic areas covered in the recent report will also be highlighted.

After viewing this webinar, you will:

  • Understand the pros and cons of FTZs and other duty reduction provisions.
  • Lower your overall Landed Costs
  • Improve Import/Export document generation

Register Now!

Presenters:

Bob Heaney, Sr. Research Analyst, Supply Chain Management
Aberdeen Group

Craig M., Head of Customs Compliance
Large Global Copier OEM

Brian C., Director International Trade Compliance
Large Electronics Firm

Philip T., CFO of the North American Manufacturing Operations
Global Automaker/ Manufacturer

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Webinar: Business Case for Free Trade Zones

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Tuesday, December 9th at 2:00 pm EST

As companies turn to the supply chain to wring out additional cost savings, one of the most exciting areas of value creation is in the area of Foreign Trade Zones (FTZs).

FTZs were established in 1934 to stimulate economic growth by allowing companies to operate in a specially designated area, outside the Customs territory of the United States.  Now, seventy five years later, companies are still generating tremendous returns by reducing or eliminating duty payments, and minimizing transactional costs.

This webinar will help you build your business case for an FTZ as well as present a case study of best practices in the application, activation and on-going administration of a zone.

Register for the WT100 Webinar: The Business Case for Foreign Trade Zones

What you will learn:

  • The overall process to apply for and certify an FTZ
  • The key business benefit areas to present to senior management for approval
  • Best practices in on-going administration of your FTZ
  • How an FTZ fits in an overall Global Trade Management deployment

If you’re busy that day, sign up anyway. You can play back the scheduled broadcast anytime you like.

foreign-trade-zones-trade-agreement-webinar

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Foreign Trade Zones Generate Cash

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Foreign Trade Zones have been in use for nearly seventy six years with the passage of the Foreign Trade Zones Act of 1934 to expedite and encourage foreign commerce. Foreign Trade Zones are now a key component of U.S. trade policy and offer companies several opportunities to reduce costs with:

  • Exemption of duty payment upon re-export of goods
  • Relief from inverted tariffs where raw materials with high duty rates can be transformed to an end product with a low duty rate
  • Use of consolidated weekly entries to reduce merchandise processing fees (MPFs)
  • Deferral of duty on any inventory stored within an FTZ

For many companies these benefits can justify the investment in a Foreign-Trade Zone in the first year of operation.

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