This article is Part 5 of a 5-part series on foreign trade zones. We explore what they are, where they exist, what advantages they provide and how businesses can benefit.
Over the past year many business have asked us the question: What are the differences between foreign trade zones (FTZ) in Canada and the United States?
It’s a great question and we understand why it’s an important comparison to make.
Both FTZs offer similar benefits including promises of duty/tax deferrals and business incentives to move or relocate to a specific region.
However, there are differences to consider.
Knowing these differences between Canadian and American FTZs can help your business make the best decision and lower your total landed costs.
It’s a situation of two countries using their regulatory processes for business, agrees Yvon Pellerin, Canadian foreign trade zones (FTZ) program advisor for Drawback Experts Canada.
This article explains the differences and advantages of both FTZ's so you can decide which is best for your organization.Read More