Download or read book Advantages of Operating in the New York Foreign Trade Zone written by Walter H. Diamond and published by . This book was released on 1975 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Trade Zones written by Chamber of Commerce of the United States of America. Special Committee on Free Zones and published by . This book was released on 1926 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Free Trade Zones of the World and in the United States written by Susan Tiefenbrun and published by Edward Elgar Publishing. This book was released on 2012 with total page 849 pages. Available in PDF, EPUB and Kindle. Book excerpt: This definitive and comprehensive book, with contributions from world-renowned foreign trade zone expert, the late Walter Diamond, provides an up-to-date guide to the free trade zones and subzones in the United States and around the world. Economic reasons for using free trade zones are explored, encompassing the benefits gained and profits earned, such as exemptions, reductions from customs duties, proximity to foreign export markets, and low-cost processing and packaging of goods designed to lower duties or freight charges. Practical, hard-to-locate data and contact details are provided on every free trade zone in the US, as well as information on the history, growth and types of users in each zone, storage space, transportation access, the cost of user facilities, utilities, communications, labor availability, warehousing features, and enterprise zones within the free trade zone. Tax Free Trade Zones of the World and in the United States will be an invaluable reference tool for a wide-ranging professional audience including: international, multinational and business law firms, tax advisory and finance firms, international sales and marketing executives, import, export and shipping companies, customs brokers and insurance agencies. In addition, it will prove a useful, practical resource for law students focusing on international business and international trade.
Download or read book United States Foreign Trade Zones written by Raffaele D'Onofrio and published by Nova Science Publishers. This book was released on 2012-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: U.S. foreign-trade zones (FTZs) are geographic areas declared to be outside the normal customs territory of the United States. This means that, for foreign merchandise entering FTZs and re-exported as different products, customs procedures are streamlined and tariffs do not apply. For products intended for U.S. consumption, full customs procedures are applied and duties are payable when they exit the FTZ. In 1934, in the midst of the Great Depression, Congress passed the U.S. Foreign-Trade Zones Act. It was designed to expedite and encourage international trade while promoting domestic activity and investment. The U.S. FTZ program offers a variety of customs benefits to businesses which combine foreign and domestic merchandise in FTZs. This book examines current issues relating to the U.S. FTZ program including whether U.S. FTZs encourage a misallocation of U.S. resources; data availability issues; the U.S. employment and global competitiveness impact of FTZs; and the effectiveness of trade zones worldwide as a tool for economic development.
Download or read book Local Impact of Foreign Trade Zones written by David D. Weiss and published by . This book was released on 1992 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New York Foreign trade Zone Vital in War and Peace written by Thomas E. Lyons and published by . This book was released on 1945 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Foreign Trade Zones written by Liana Wong and published by Independently Published. This book was released on 2020-01-04 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: U.S. foreign-trade zones (FTZs) are geographic areas declared to be outside the normal customs territory of the United States. This means that, for foreign merchandise entering FTZs and reexported as different products, customs procedures are streamlined and tariffs do not apply. For products intended for U.S. consumption, full customs procedures are applied and duties are payable when they exit the FTZ. In 1934, in the midst of the Great Depression, Congress passed the U.S. Foreign Trade Zones Act. It was designed to expedite and encourage international trade while promoting domestic activity and investment. The U.S. FTZ program offers a variety of customs benefits to businesses which combine foreign and domestic merchandise in FTZs. Similar types of "zones" exist in 147 countries, employing roughly 90 to 100 million workers worldwide. Though some aspects differ, all have streamlined customs procedures and no duties applicable on components and raw materials combined in zones and then re-exported. The worldwide network of free trade zones facilitates the integration of economies into global supply chains. U.S. FTZs can affect the competitiveness of U.S. companies by allowing savings through (1) duty reduction on "inverted tariff structures" (where tariffs are higher on imported components than on finished products); (2) customs and inventory efficiencies; and (3) duty exemption on goods exported from, or consumed, scrapped, or destroyed in, a zone. Though difficult to achieve, other possible alternatives, such as broad-based tariff reductions through multilateral negotiations, and overall customs reform might provide some of the same competitive advantages as zone use in a more efficient manner, while also ensuring that all importers have equal access. Zone activity represents a significant share of U.S. trade. According to the FTZ Board's 2018 Annual Report to Congress, foreign goods entering the United States through FTZs accounted for almost 10% of total U.S. imports. Oil/petroleum (25%), vehicles and related parts (17%), and electronics (16%) made up the majority of foreign goods entering FTZs. A majority of goods entering FTZs are used in production activities (63%), while the remaining are used in warehouse and other logistical activities (37%). Most goods (86%) arriving through FTZs were consumed in the United States; the rest were exported. The industries that account for a significant portion of zone production activity include the oil refining, automotive, electronics, and pharmaceutical sectors. Administration of the U.S. FTZ system is overseen by the Secretaries of Commerce and the Treasury, who constitute the U.S. FTZ Board. The Board is responsible for the establishment of zones, the authorization of specific production activity, and the general oversight of zones. It also appoints an Executive Secretary, who oversees the Board's staff. Homeland Security's Customs and Border Protection (CBP) directly oversees FTZs and enforces regulations set by the Board. It activates the zones and secures and controls dutiable merchandise moving into and out of them. CBP oversight also includes both protection of U.S. tariff revenue and protection from illegal activity through screening, targeting, and inspections. In 2012, the U.S. FTZ Board issued new regulations. They focused primarily on streamlining the application procedures and shortening, generally from a year to four months, the time for FTZ approval for production activity under certain circumstances.
Download or read book U S Foreign Trade Zones Tax Free Trade Zones of the World and Their Impact on the U S Economy written by Susan Tiefenbrun and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Free trade zones (FTZs) date back to the time of the Phoenicians; they developed in the 1970s and proliferated from 1980 until today. FTZs are duty-free areas where goods may be warehoused, processed, sold, serviced, distributed, showcased, packaged, labeled, sorted, assembled, and manufactured as finished goods, prior to re-exporting them as duty-exempt finished products. More than one 135 countries operate tax-free trade zones. There are more than 3,500 of these zones and subzones all over the world, and 277 FTZs and 500 subzones exist in the United States, creating 68 million direct jobs and over $500 billion of direct trade-related value added within the zones. FTZs benefit both importers and exporters because both save on taxes, reduce transportation costs, avoid financing charges, and thereby increase their business cash flow. Exporters view FTZs as an entry into foreign markets, an opportunity to defer or avoid customs duties, and a way to obtain income tax exemptions or reductions. This article is a primer on the way FTZs work in the United States and abroad. It asks whether FTZs have had an impact on the U.S. economy. The article delves deeply into the business benefits and tax advantages of FTZs. U.S. exports from general purpose zones and subzones have generally increased from 1989 to 2008, earning the U.S. from $10 to $40 billion. Despite the plethora of bilateral trade agreements and the fall in U.S. tariff rates, which have increased the importation of foreign products into the U.S., the use of FTZs has grown significantly since 1970 and resulted in an increase in US exports. By using FTZs, the U.S. manufacturer can get around the "inverted tariff rate" which encourages the importation of foreign goods into the US. FTZs reduce costs for the American business and incentivize exportation of U.S. products. FTZs can play a significant role in economic growth by increasing exports, enhancing industry competitiveness, and attracting foreign direct investment. Special privileges are given to manufacturers who export the products processed in the FTZ. Export processing zones (EPZs) focus on manufacturing of exports only and allow investors to import and export goods free of duties and exchange controls, facilitate licensing and other regulatory processes, and liberate businesses from obligations to pay corporate taxes, value added taxes, or other local taxes. The purpose of FTZs is to attract foreign direct investment; alleviate unemployment, especially for women; foster economic reform strategies by developing and diversifying exports; and test new approaches to foreign direct investment and to government policies related to law, land, labor, and the pricing of goods. Some FTZs succeed (if they are focused on increasing exports) and some FTZs fail (if the industry simply takes advantage of the tax advantages without producing substantial employment or export earnings and without providing healthy labor and environmental conditions for the workers). FTZs have been criticized for bad labor practices, environmental abuses, the failure to increase exports sufficiently, and the liberal use of zones by money launderers and narcotics traffickers. Nevertheless, FTZs reduce the cost of manufacturing in America, reduce the massive trade deficit, and help create new jobs for American workers. There are conflicting reports on the advantages and disadvantages of FTZs and their impact on the U.S. economy. In order for FTZs to increase exports, facilitate constructive international trade, and enhance international business, rational and reasonable regulatory schemes must ensure that zones are being used for the primary purpose of increasing exports and safeguarding social and environmental standards both in the U.S. and abroad.
Download or read book Digest of a Report to the Foreign Trade Committee written by Philip Benjamin Kennedy and published by . This book was released on 1944 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Free Ports and Free Trade Zones in Developing Nations written by Frederick G. Shaw and published by . This book was released on 1972 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Trade Zone No 1 Port of New York U S A written by New York foreign trade zone operators incorporared and published by . This book was released on 1943 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Examination of the Problems and Benefits of Managing an Organization in a Foreign Trade Zone written by Larry C. Keller and published by . This book was released on 1986 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Trade Zones in Ports of Entry Favored written by New York Chamber of Commerce and published by . This book was released on 1926 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Enhancing the Competitive Advantage of U S Corporations by Incorporating a Foreign Trade Zones Strategy written by Dino Adolfo Scott and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Trade Opportunities for New York State Business written by New York (State). Department of Commerce and published by . This book was released on 1961* with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Foreign Trade Zones and Chinese Free Trade Zones written by Susan Tiefenbrun and published by . This book was released on 2015 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many free trade zones in the United States and in China. Free trade zones have played an important role in the tremendous growth of the Chinese economy. One year ago, China established the Shanghai pilot free trade zone, and China plans to establish another free trade zone in Guangdong Province. Free trade zones increase manufacturing, jobs, and exports, all of which improve the economy.This article compares and contrasts U.S. foreign trade zones with Chinese free trade zones and the laws regulating these zones. It explores the institutionalization of domestic and international rules of trade law and the theoretical framework of free trade zones. The article examines the legal framework of free trade zones, how they work, the performance of U.S. foreign trade zones to date, the economic benefits of the development of foreign trade zones in the U.S., and the difference between bonded warehouses (which are what most Chinese free trade zones are) and free trade zones. It explores the history of Chinese free trade zones, the laws governing these primarily export processing zones, and it provides an in-depth look at a few well-established Chinese free trade zones located in Shenzhen and Xiamen as well as an analysis of the new Shanghai zone and its performance in its first year.This article also discusses the overall economic benefits of free trade zones in China. It offers a constructive critique of the Chinese free trade zones in view of the many economic challenges facing China today. Chinese free trade zones need more transparency, flexibility, the elimination of corruption and graft, and strict adherence to the rules of international trade. This article also provides some suggestions for the beneficial development of free trade zones in China as well as foreign trade zones in the U.S.
Download or read book Free Trade Zone Update written by New York (State). Insurance Department and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
