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Foreign Trade Zones

Tuesday, 23 September 2008 17:39

Ohio offers the advantage of a low-cost central U.S. location that is one of only two Midwestern states fully within the Eastern Standard Time Zone, a plus for companies that require regular interaction with European Union markets.   Import and export in Ohio is facilitated by ten Foreign Trade Zones and many sub-zones offering duty-free, quota-free secured sites where goods can be stored, repackaged, assembled and manufactured. Products imported into these zones are exempt from duty and inventory taxes until they enter the U.S. marketplace. Duty and taxes are never paid if the products are re-exported. The zones are supported by a variety of internal distribution service facilities. < Prev