Foreign trade zones (or free ports)

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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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Document type:: Monograph

Structure type:: Chapter

Title:: Part 1. General analysis

Collection:: Economics Books

{3 FOREIGN TRADE ZONES wise be the right to repack into containers suitable to the trade and regulations of the respective markets; to sort to meet the taste and demands of the various people of the earth. It is necessary only to refer to the information given under the heading “Operations per- mitted and prohibited in free ports of Europe’ to make fully apparent the paramount importance of these operations. The establishment of free ports in this country would offer to importers the opportunity to buy goods in large quantities, frequently at more favorable prices; to sort these goods, sending into the United States, after payment of duties, the grades and quantities suitable for our trade, and reexporting the remainder, either alone or in conjunction with other goods, to the various markets conveniently reached by the vessel lines touching at the free ports. While awaiting sale the goods in a free port are not subject to any expense except storage and insurance. They are not under customs control, and the importer is free to exhibit them, to take orders, to divide the parcels and repack to suit customers’ wishes. : In the various bearings before the Committee on Commerce of ‘the Senate and the Committee on Ways and Means of the House of Representatives in relation to the matter of establishing free ports in the United States numerous examples of the delay, embarrassment, and expense involved to importers which would have been obviated in a free port have been cited. Numerous examples have also been given of the manner in which the free port would permit the develop- ment of transshipment and consignment business. The possibilities with reference to such comthodities as rice, beans, coffee, tea, furs, rubber, wool, and hides have been set forth in these hearings and in the hearings held by the United States Tariff Commission. EFFECT OF THE FREE PORT ON THE EXPORTER It has been claimed that our exporters lose orders because they are not able to meet all the requirements of the foreign buyer. The buyer wishes to place an order for a varied list of goods, some of which are of American manufacture, while some are products of other countries. In Hamburg or London, he can generally secure all of the needed items, including the American goods. But in this country where reexport trade has been surrounded with many embarrass- ments, it is less likely that he can do so. The free port encourages diversified shipping service. It attracts vessels from the smaller countries and from countries producing mainly raw materials, in order to bring these commodities together in a common market place for further distribution. The feeder lines likewise give the service necessary to place exports in these countries. Advantages to the exporter are therefore not confined to the opportu- nity to supply all the goods which the foreign buyer demands, but

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