Did You Know??
In a Bonded Warehouse, you have to destroy, pay the duty, or export merchandise when it has been in the U.S. for 5 years.
Did you know that in a Foreign Trade Zone you do not have any time restrictions?
Considering Spirits do get better with age, move your Bonded Spirits approaching the 5-year limit to a Foreign Trade Zone and avoid very costly destruction.
CEO Corner and CEO Ralph Gazitua at Port of Miami where President Obama spoke about Private Infrastructure Development
President stated, “You ask any CEO where they rather locate their business and hire new workers. Are you going to set up shop in a country that’s got raggedy roads, runways that are pot-holed, and backed-up supply chains? Or are you going to seek out high-speed rail, Internet, high-tech schools, new state-of-the-art power grids, new bridges, new tunnels, new ports that help you ship products made in America to the rest of the world as fast as possible? That’s what people are looking for. That’s what CEOs are looking for.”
Global Trade Magazine Features WTDC in The ABCs of FTZs article
To read the article please click here