FTZ

Enjoyed Foreign Trade Zone webinar today. Facts I gleaned:

Retail apparel & consumer goods and manufacturing are leading FTZ pursuers

Caps on Merchandise Processing Fee (MPF) of $480/week

Time savings at the dock; Direct Delivery allowance, entry selectivity circumvention.

Ocean cargo more than air cargo tends to be more applicable to FTZ.

A portion of a building can be designated as an FTZ.

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