Verde Fulfillment USA Is Now A Foreign Trade Zone

Boise, Idaho – February 22, 2018 

Verde Fulfillment USA has become an active Foreign Trade Zone (FTZ). This designation allows clients to import goods into the US without paying duties & taxes until they are ready to sell the goods in the US market. Foreign merchandise may be moved into a foreign trade zone at any time for storage, light-assembly, light-manufacturing, quality control, testing, relabeling, repackaging, cleaning and processing.

“This was a twenty-seven-month process working with US Customs and local municipalities to finally make it a reality,” stated Greg McRoberts, President of Verde Fulfillment USA. “The benefits for our client base, or any brands, are incredible, yet using a foreign trade zone is largely unknown to most people.”

The purpose of a foreign trade zone, which was originally established in 1934, is to encourage foreign commerce. Ways to accomplish this are by giving brands a way to import their goods without paying duties and taxes until they are ready. “This can save on cash flow crunches for smaller brands in a big way,” continued McRoberts, “and since your goods bypass US Customs coming into the US, you are not subject to import quotas.”

Some examples of ways to utilize a foreign trade zone are:

*Repackaging goods that need a packaging change required by law or retailers

*Retagging goods that were incorrectly tagged at the factory

*Assembly of individual SKUs into a new SKU with a new lower import duty

*Performing quality control on your goods and import only the goods that passed

*Importing goods under quota restrictions, then be first to import goods once restrictions lifted

*Manufacture your goods early to avoid delays, then import from FTZ only when ready

*The list goes on and on…

You can get more information about Verde’s FTZ and discuss how it could help your company by going to http://www.verdefulfillmentusa.com/foreign-trade-zone/

About Verde Fulfillment USA: Verde Fulfillment USA, known as the “Best In Class” order fulfillment, drop-ship, warehousing and logistics company for the sporting goods and outdoor industry. Verde has partnered with dozens of sports brands, helping them grow by managing their order fulfillment (EDI, B2B, B2C, Amzn) and back-end operations. Verde can also manage all e-comm drop-shipping, key account compliance, POP assembly, trade show booth storage, specialty packing and much more. For more information visit www.verdefulfillmentusa.com

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