Bonded Warehouse and Free Trade Warehouse Helps the Industries That Store Their Goods
by Janny Moore free trade zone ColombiaThere 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.
Warehouse
that help in free trading
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.
Bonded
warehouses
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.
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Created on Dec 31st 1969 18:00. Viewed 0 times.