Foreign Trade Zone Advantages
Powering your supply chain with value, efficiency.
Foreign Trade Zone #53, Site 2: In today’s global supply chain, MidAmerica’s Foreign Trade Zone is a powerful advantage, helping to insure the most cost-effective flow of goods and materials possible. MidAmerica’s FTZ allows your organization to:
- Reduce, defer or eliminate duties: Reduce costs of component parts, exported products and material that is scrapped, wasted or consumed in the manufacturing process.
- Eliminate value-added costs: Dutiable value on foreign merchandise removed from the FTZ can exclude zone costs associated with processing or fabrication, such as labor, overhead and profit.
- Eliminate inventory taxes: No ad valorem taxes are paid on personal property in the FTZ.
- Cut paperwork and processing fees: Zone users file only one custom entry per week rather than one custom entry per shipment.
- Eliminate duties on sales to DoD and NASA
- Track inventories more accurately and enhance security: Enjoy greater efficiency as well as lower negotiated cargo costs.
MidAmerica Industrial Park has an on-site regional business jet airport with 24 hour self-service fueling stations.
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