Bonded Warehouse and Free Trade Warehouse Helps the Industries That Store Their Goodsby Janny Moore free trade zone Colombia
There are many free zones for trading all over the world and there are different names for such free trade regions. The Mena is one such region that extends from Dubai and has its tentacles till Tangier Free Zone. The African belt is where this region mainly thrives. The Tangier Free Zone is in Africa and has got its fair share of musicians, writers and travellers. The free zone has given the place its shine and this area has flourished. There is the ‘permanent free trade’ areas in Columbia thrive with the new companies that are working with various new projects too. The Colombia free trade vis allowed in the port with special treatment for customs.
The free trade helps in getting in goods at a cheap rate within the country from other side of the globe, especially from China. This helps in keeping away inflation as prices remain low. The country from where the goods are coming in gets a share of the market for the imports. The warehouse Bogota help in reducing the production cost as they give a home to these goods that come in from other countries. The stored goods and low cost imports make it imperative to lower the production cost also and this helps in giving in to economic growth.
There are countries where the warehouses are looked after by the customs people and they often look like the free trade zones but actually called bonded warehouse. These warehouses do not manufacture goods but are allowed to store goods that come in from different other countries. The official people from customs decide when the goods are to be moved and where their destination should be. The storehouse that is bonded can keep goods for a period of five years only. The free trade zone warehouse has no such limited period mentioned and you can keep goods for a longer period of time.
Liability for proprietor
You must find one warehouse to store the goods when there is a free zone with no duties for some goods. This duty free warehouse should be able to bring in more gains for your business. These secured areas or warehouses allow you to store the goods without duty charges submitted to the state officials. There is a liability to the owners or proprietor and hence the name. The liability is smoothed out when the goods start for other destinations. They can export the goods or withdraw for consumption. The goods can be sent through various commuting vessels or can be destroyed.
Created on Dec 31st 1969 18:00. Viewed 0 times.