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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part 1. General analysis

Collection:: Economics Books

45 exports” would be eliminated. If the same liberality be accorded as is found in the free ports of Spain and Italy, the importer would be free to store goods, both free and dutiable, in the warehouses of the port, and to reship them, either in the condition in which received, or after manipulations which do not alter the nature of the product. He would be able to conduct such operations as repacking, sorting, filling into containers, grading, shelling and roasting of coffee, shearing and tanning of skins and hides, washing and scouring of wool, and assembling of machinery and motor cars. Privileges similar to the above would permit the unrestricted development of transshipment and consignment trade, which is the true function of the free port. They would open up new opportunities to the importer and exporter, enabling them to engage in international trade to an extent which heretofore has been regarded as impracticable. The provisions respecting manipulation in bonded warehouses, contained in section 562 of the tariff act of 1922, are as follows: Manipulation in warehouse.—Unless by special authority of the Secretary of the Treasury, no merchandise shall be withdrawn from bonded warehouse in less quantity than an entire bale, cask, box or other package; or, if in bulk, in the entire quantity imported or in a quantity not less than 1 ton weight. All merchandise so withdrawn shall be withdrawn in the original package in which imported unless, upon the application of the importer, it appears to the collector that it is necessary to the safety or preservation of the merchandise to repack, or transfer the same: Provided, That upon permission therefor being granted by the Secretary of the Treasury, and under customs supervision, at the expense of the proprieter, merchandise may be cleaned, sorted, repacked, or otherwise changed in condition, but not manufactured, in bonded warehouses established for that purpose, and be withdrawn therefrom for exportation, without payment of duties, or for consumption, upon payment of the duties accruing thereon, in its condition at the time of withdrawal from the ware- house. The scouring or carbonizing of wool shall not be considered a process of manufacture within the provisions of this section. It will be observed that none of the operations which have been found to be of such benefit to international trade at European free ports are permitted in our bonded customs warehouses. Goods can not be imported in large lots, and thereafter repacked, filled into containers, sorted, graded or otherwise prepared to meet the re- quirements of various markets. They can be withdrawn only in their original Packages except where cleaning, sorting, and repacking is necessary to the safety or preservation of the merchandise. In the customs area, these Precautions are no doubt absolutely neces- sary, but it is clear that they serve to discourage reexport trade. Only where there is freedom to store goods in any quantity and to Te€Xport in any quantity is it possible to attain the greatest success 0 trade of the nature which has built the greatness of London, Antwerp, Amsterdam, and Hamburg. Nor is the simple privilege of withdrawal in any desired quantity sufficient. There must like- FOREIGN TRADE ZONES

Access restriction

Copyright

fullscreen: Foreign trade zones (or free ports)

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation