How to Take Advantage of Foreign Trade Zones and Bonded Warehouses

Douglas Cohen

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Background: 

Foreign-trade zones (FTZs) and bonded warehouses are two of the most effective tools for manufacturers and importers to avoid, reduce or defer duties.  An FTZ is a geographical area in a US port of entry, where merchandise can be loaded, handled, stored, manipulated, manufactured, and exhibited, without being subject to Customs duties. Duties are only accessed when the merchandise is taken out of the FTZ or re-exported.  This tariff relief is designed to lower the costs of US based operations engaged in international trade.  Any company in any industry may apply to be a part of an FTZ.

Why should you attend?   

Learn how to take advantage of the benefits of foreign trade zones (FTZs) and bonded warehouses, such as improved cash flow, lower costs, improved inventory management, increased visibility of the supply chain, improve customs compliance. It is a way to reduce costs, save money, and run a more efficient inventory control. Many importers are unaware of the benefits and opportunities available in using these alternative import methods. 

Description of the topic:

Foreign-trade zones (FTZs) and bonded warehouses are two of the most effective tools for manufacturers and importers to avoid, reduce or defer duties.  An FTZ is a geographical area in a US port of entry, where merchandise can be loaded, handled, stored, manipulated, manufactured, and exhibited, without being subject to Customs duties. Duties are only accessed when the merchandise is taken out of the FTZ or re-exported.  This tariff relief is designed to lower the costs of US based operations engaged in international trade.  Any company in any industry may apply to be a part of an FTZ.

A bonded warehouse is a building in which dutiable goods may be stored, manipulated, exhibited without payment of duty.  Companies must provide a customs bond to the government for the deferred duties.

 This webinar will explore the uses of FTZs and bonded warehouses, how to set them up and operate them, and how to determine their practicality and effectiveness for your business. 

Areas Covered in the Session :

  •  overview of FTZs and bonded warehouses
  • status of goods entering an FTZ
  • reducing, eliminating and deferring duties in an FTZ
  • general-purpose zones vs. private subzones
  • permitted activities
  • FTZ benefits
  • privileged foreign, non-privileged foreign and zone-restricted merchandise
  • classes of bonded warehouses
  • advantages and disadvantages of bonded warehouses vs. FTZs

Who will benefit:

  • Importer-Exporters
  • Financial Officers
  • Compliance Managers
  • Legal Departments
  • Logistics and Shipping Personnel
  • Chambers of Commerce
  • Foreign Trade Offices
  • Customs Personnel
  • Supply Chain Managers

Webinar Events
Live -Coming soon!

Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment


Recorded video

Recorded video session



Speaker: Douglas Cohen, Senior Manager for Global Trade and Contracts, Worldwid

Douglas Cohen, has for more than 20 years, been at the forefront of international trade and transactions. With senior positions in private law practice, the European Union, the U.S. Department of Commerce, and the global airline industry, Mr. Cohen has developed substantial expertise in import-export compliance, international contracts, anti-trust, intellectual property, data privacy, aviation/aerospace, and EU law and policy.

 At present, he is Director General for Trade and Transactions at Worldwide Trade and Legal Associates (WWTL), where he provides legal and strategic counsel to companies seeking to develop and expand foreign markets. In addition, Mr. Cohen directs the Compliance Training division at WWTL, where he works with companies to create and improve their import-export, anti-bribery, antitrust, and intellectual property compliance procedures. Major clients include leaders in aerospace, aviation, information technology, software, semiconductors, and telecommunications.

 Mr. Cohen has been asked to teach international trade, global business, and international law at several universities in the United States, Asia, the Near East, and Europe. He is the author of numerous publications and training DVDs in the fields of import-export compliance, international negotiations, foreign market entry, cross-cultural communications, Internet law, data privacy, and intellectual property protection.


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