Wtdc’s 10th Anniversary As A Foreign Trade Zone

By Author: Sean Powers
Total Articles: 4
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On December 12th, WTDC celebrated its 10th anniversary as a Foreign Trade Zone. WTDC was the first operating FTZ in PortMiami’s FTZ 281. Thank you to our grantee PortMiami, our customers, and our employees for helping our vision become a reality.

TMI Article: WTDC’s 10th Anniversary as a Foreign Trade Zone - https://wtdc.com/wtdcs-10th-anniversary-as-a-ftz

Foreign Trade Zones (FTZs) allows companies to position foreign inventory in the United States without paying duties and taxes. WTDC provides Foreign Trade Zone warehousing and FTZ Consulting. Some of the advantages of Foreign Trade Zones include:

> Deferment of duties
> Inventory management, order fulfillment, and pick and pack by SKU
> The ability to position products not approved for use in the U.S.
> Electronic filing of U.S. Customs documentation
> A simplified manipulation process
> Key commodities: Duty-Free and Travel Retail, electronics, and medical supplies
> Weekly or monthly Merchandise Processing Fee (MPF) summary entries
> Quarterly Harbor Maintenance Fee (HMF) reporting

WTDC is a full service logistics company in Miami, FL that manages the entire supply chain including foreign trade zone warehousing with its distribution center in Miami.