The availability of easy-to-deploy information technologies are driving more American shippers to take advantage of the trade benefits associated with foreign trade zones, despite upcoming Customs and Border Protection rule changes and increased requirements.

“We think the decreased amount of time to activate a zone is going to significantly increase the number of people interested in the zone program,” said Elizabeth Connell, director of product management at Integration Point, which provides global trade management and compliance solutions such as those for FTZs. “We’ve seen year after year a general increase in interest in zones, both in activations and applications.”

Connell pointed to electronic documentation as the big advantage for FTZs under the new regulations because it saves money in the short term and pushes companies toward automating other associated processes.

Read Full Article