Five-Year Study Showcases the Benefits of US Foreign-Trade Zones
QAD
NOVEMBER 28, 2023
If a US company wants to manufacture onshore, they’ll likely still import many parts overseas. Once again, because an FTZ is considered outside the US for duty purposes, a company assembling or manufacturing products within an FTZ does not pay duties on the parts it imports. For many products, this can result in significant savings.
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