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RE #189: Mike Berry - President of Hillwood

The Fort

00:00

Can You Get a Foreign Trade Zone Designation?

Foreign trade zones have been around since, i think, the seventies. You don't pay duty as long as it stays within the trade zone. Your duty is levied only when the product leaves the zone. It's a very tive tool for companies who import high value parts or products that have a heavy duty rate associated with them.

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