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What are the advantages of an FTZ?
If your non-manufacturing or manufacturing operation imports, exports
or re-exports - and you would like to improve cash availability and lower
operating costs - the Mississippi Coast FTZ offers the business advantages
you need:
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- Operating Capital is available longer because duty
or excise tax is not paid until goods are entered into U.S. Customs
territory
- Duty and Tax Free Exportation is frequently available;
- No Quotas are applicable in the FTZ, therefore goods
arriving in excess of U.S. quotas may be held without penalty until
the next quota period;
- Indefinite Storage of goods within the FTZ encourages
volume buying, transportation discounts, and distribution of goods under
the most favorable market conditions;
- Bulk Shipments may be broken down and repackaged
withn an FTZ which can ensure transportation savings and allow improperly
labeled merchandise to be correctly labeled without fines or penalties;
- Merchandise may be sampled and tested for quality
in the FTZ, allowing for defective or substandard goods to be repaired
or discarded before assessment of duty;
- Foreign Products that have been further processed
in the FTZ may receive a change in classification, thereby reducing
the amount of Customs duty charged;
- Reduced Insurance Costs may be applicable due to
the tight security and 24-hour protection provided by the FTZ and also
because the value of the goods in the FTZ does not include the cost
of duty payment;
- Goods may be Displayed in an FTZ and sold at wholesale;
- Seasonal Goods or those subject to market fluctuations
may be stored in the FTZ indefinitely;
- Foreign Manufacturers will find the FTZ an ideal
duty free holding area in the U.S. until their products are distributed.
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Special advantages are offered at the Mississippi Coast FTZ.
When you choose the Mississippi Coast FTZ, you will be using one of America's
most professional and well-run foreign trade zones. Many unique advantages
are offered:
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- World-Class Deep Water Ports. The ports of Gulfport,
Pascagoula, and Bienville are located on the north central Gulf of Mexico
with direct access to the Intracoastal Waterway, railways, Interstate
and four-lane U.S. Highways;
- Available WareHouse Space. Abundant warehouse storage
space is available at each port and at various industrial sites;
- Fully Developed Industrial Park Property. Several
hundred acres of property, located on navigable waterways and at all
three international airports, with areas designated for heavy manufacturing,
light industry, or technology businesses, are available within the FTZ;
- Direct Connection to WorldWide Air Shipments. The
Gulfport-Biloxi International Airport, Stennis International Airport,
and Trent Lott International Airport all lie within FTZ and provide
world-class facilities for international air transportation;
- Access to Interstate and Multi-Lane Highway System. The
area is served by Interstates 10 & 59, U.S. Highway 49, State Highways
57 & 63, and numerous other interconnecting routes which allow products
to reach major U.S. markets expediently;
- On-Site Utilities Water, electricity, telephone,
natural gas, and waste disposal are available on site within the FTZ.
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