Companies can reduce tariffs with FTZ Subzones. Utilizing Tri-Link’s ability to establish Subzone on private premises can benefit companies. Tri-Link has 30 years of experience and consulting services. This enables us to quickly access the potential for success and take the necessary steps to make it so.
The applicant must demonstrate that the proposed use of Zone procedures is in the public’s interest. Subzone status must result in a significant economic benefit for the U.S. economy.
A Subzone is a single Foreign Trade Zone site designated for a special purpose, typically manufacturing. Subzones are used when the operations of the firm cannot be accommodated within the existing General Purpose Zone.
In order to gain approval, the company must demonstrate that such a site would be of significant public benefit.
Applying for FTZ Subzones
The application must demonstrate that a significant public benefit will result from the use of Zone procedures by the firm on whose behalf the proposed Subzone is established.
The Foreign Trade Zones Board evaluates the Subzone application based on the net economic benefit to the U.S. economy. Subzone status and the specific benefits granted are dependent upon the specific operations to be conducted under Zone status. The applicant must demonstrate that the proposed use of Zone procedures is in the public’s interest. Subzone status must result in a significant economic benefit for the U.S. economy.
How to Reduce Tariffs with FTZ Subzones
The ability to reduce tariffs with FTZ Subzones is a benefit to many companies. Tri-Link is a master navigator in the world of using FTZ’s to reduce costs. We have helped companies save millions from Foreign Trade Zones for the past thirty years. With the use of an FTZ, tariffs are deferred until merchandise is imported from a Foreign Trade Zone into the United States. Monies will not be tied up in Customs duties while goods are in an FTZ.
Tri-Link consults customers on the positive impact of the FTZ program. Because of the many benefits, companies and communities are becoming more interested in it. To discuss the possibilities, cost savings, and other benefits available contact us.