Foreign trade zones (or free ports)

Bibliographic data

Monograph

Identifikator:: 1801857903

URN:: urn:nbn:de:zbw-retromon-199077

Document type:: Monograph

Title:: Foreign trade zones (or free ports)

Place of publication:: Washington

Publisher:: United States Government Printing Off.

Year of publication:: 1929

Scope:: IX, 322 S; Ill., graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part 1. General analysis

Collection:: Economics Books

FOREIGN TRADE ZONES the time of entry, liquidation of the duty is suspended pending the furnishing of a complete account of items liable to duty. If neither equipment has been purchased nor repairs made to a vessel while at a foreign port, an affidavit to that effect is required. If sufficient evidence is produced to show that due to stress of weather or other casualty encountered in the regular course of the voyage the vessel was compelled to put into a foreign port for repairs or equipment or secure such repairs or equipment at the foreign port of destination in order to enable it to return in safety to its American port of desti- nation, duties may be remitted or refunded upon application to the Secretary of the Treasury. No license or enrollment and license, or renewal of either, will be issued to any such vessel until the collector is satisfied that all the equipment and repairs made within the year immediately preceding application for such documents have been duly accounted for and the duties paid thereon. The Canal Zone is not “foreign territory” within the meaning of section 466 of the tariff act of 1922, and repairs made therein on a vessel of the United States are not dutiable. 5. EFFECTS OF FREE PORTS OR FOREIGN TRADE ZONES ON COMMERCE AND MANUFACTURING EFFECT OF THE FREE PORT ON THE IMPORTER Countries having free trade have no occasion for foreign trade zones, and in countries with limited customs tariffs, such as England, Bel- gium, and the Netherlands, the procedure is not so burdensome as to encourage the establishment of specially segregated zones. There are all degrees of customs duties on imports, ranging from those in countries with comparatively limited tariffs to those in countries with high tariffs. The establishment of foreign trade zones was found to be desirable in Sweden, where the customs duties are on about the same level as in Norway, Finland, Germany, and France, considerably lower than those in Spain and the United States, but higher than those in Denmark, the Netherlands, Switzerland. and Great Britain. The free port is concerned chiefly with foreign goods which are to be reshipped to other foreign destinations, although some of these imports may eventually be entered for consumption. The formalities with their attendant delay to the importer of merchandise would be eliminated within the free zone, and the importer would be able to secure possession of his goods upon proper proof of ownership. Assuming the establishment of free ports in the United States and the same freedom which attends the movement and handling of cargo in free ports abroad, practically all of the formalities mentioned above under the head of “Procedure with respect to imports and re-

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