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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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part 1. General analysis

Collection:: Economics Books

FOREIGN TRADE ZONES 47 they include the encouragement of facilities and service for reaching these markets on a favorable basis. These advantages, however, are contingent upon the proper location and development of the free port, which subject is considered elsewhere in this report. Where a substantial export business exists, consisting essentially of foreign products, repacked or filled into containers, or otherwise manipulated within authorized limits, the exporter will be able to conduct this business in the free zone without the inconvenience which now surrounds such operations. In case manufacturing be allowed, companies using mainly foreign raw materials and having a large export trade in the finished products, could advantageously establish a branch plant in the free zone especially to meet the export demand. The benefits in this case would consist either in the avoidance of the expense and inconvenience incident to the bonded manufacturing warehouse, or the loss and delay incident to securing the authorized drawback of 99 per cent of the duties paid. TRANSSHIPMENT AND CONSIGNMENT TRADE For the purpose of this report the word ““reconsignment’” means the distribution of goods billed to an agent, jobber, or wholesale dealer in a free port through subsequent consignment to subagents or buyers, either domestic or foreign. The goods may come into the free port temporarily or they may be stored in the warehouses awaiting demand. In all cases the ultimate destination is not disclosed on the original packages. The term “transshipment” is used to mean the transfer of goods from one ship to another or to car. Tt may or may not involve the depositing of goods in a warehouse or transit shed pending such reshipment. In this character of trade the ultimate destination of the goods is known. Since the free port is especially designed to stimulate consignment and transshipment trade, the results accomplished in the free ports of Europe should be useful in reaching conclusions regarding the probable developments in this country, having in mind, of course, the differences in physical, commercial, and economic conditions. At Copenhagen the merchant or manufacturer desirous of shipping goods through the free port may either arrange with one of the steam- ship companies to have his goods shipped to the port of destination on through bill of lading, or shipped to the free port on option bill of lading, deferring settlement of the final destination of the goods until after their arrival ; or the exporter may forward his goods direct to the free port for storing in the company’s warehouses and from there have them transshipped to other ports or directed into Denmark. Transit goods are warehoused by the Free Ports Co. free of charge for about two weeks. Tt is necessary for those wishing to forward goods for storing in the free port for later transshipment to have a representative in Copenhagen or to employ a local firm of forwarding

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