Thomson Reuters

How to prepare your business for participating in a Foreign Trade Zone (FTZ)

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In the ongoing race to reduce costs and optimize operational efficiency, more U.S. companies are taking advantage of the Foreign Trade Zones Act of 1934.

Companies participating in a U.S. foreign-trade zone receive extensive cost-saving and operational benefits, including reduction or elimination of U.S. Customs and Border Protection (CBP) duty payments and Merchandise Processing Fee (MPF). Correct weekly filing entries can also save millions per year. They also benefit from inverted tariffs, duty-free re-exports, and a more efficient supply chain. If your business is considering participating in an FTZ, join the Thomson Reuters webinar and hear from our expert panel discussing the business considerations and the practical steps needed to participate in a Foreign Trade Zone.

Understanding the difference between Free Trade Zones and other programs
Working through the feasibility assessment/study and determining FTZ benefits
Building the business case and securing buy-in across your organization
What are the strategic considerations and processes required to ensure supply chain compliance and data governance?
What trade data needs to be evaluated?
Who are the key stakeholders to engage?
Factoring in time and budgetary considerations for the business ahead of time
Leveraging technology for compliance

Busy at this time? Register anyway! We’ll send you a copy of the webinar recording to watch at your leisure after the event has aired.

Speaker

Email Address*

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Kimberly Coyne

Product Manager

Thomson Reuters

Eric Berry

Director – Client Solutions

Thomson Reuters