Unique Skill ID: KS124505ZNT7XMZLRNTP

Foreign Trade Zones

Foreign Trade Zones (FTZs) are designated areas within the United States where companies can operate as if they were offshore or outside the country's customs territory. These zones allow businesses to delay or eliminate paying duties and taxes on imported goods until they are sold or leave the FTZ for a US market. The operation and management of FTZs involve a specialized skill set that includes customs compliance, international trade regulations, and supply chain management. FTZs can offer significant benefits to companies engaged in international trade, but their use requires careful planning and execution to ensure compliance with complex regulatory requirements.

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