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LONG ISLAND, NY, May 20, 2014 /24-7PressRelease/ -- In order to boost global market competitiveness and to attract new businesses as well as foreign investments, governments set up foreign trade zones (FTZ) within their borders. These are referred to as Free Trade Zones in developed countries outside the United States and Export Processing Zones in developing countries. FTZs are areas with fewer bureaucratic regulations, lower tariffs and less barriers to international trade.
Both small businesses and major manufacturing companies engaged in the import/export trade can take advantage of the benefits offered by FTZs. These benefits include tax exemptions, inverted tariff relief and the deferral or elimination of custom duty payment. Aside from these economic benefits, FTZ users can also enjoy certain operational advantages such as world-class facilities, expansive storage, and reliable security.
Located on 52 acres of land along a busy and thriving commercial and business highway, the Islip Foreign Trade Zone 52 has over 435,000 square feet of prime warehouse and office space. It can be easily and directly accessed from the Long Island MacArthur Airport.
"On top of the trade, operational and economic advantages that we provide as a Foreign Trade Zone, our clients also enjoy excellent customer service and world-class facilities," says Brad Hemingway, Executive Director. "Additionally, we are a stone's throw away from New York City, one of the most exciting cities in the country, if not the world. At Islip FTZ 52, our customers have wide-ranging occupational and recreational opportunities, truly a plus in achieving a life-work balance."
If you are in the import/export business and are looking for commercial property or warehouse space in Long Island, consider Islip Foreign Trade Zone 52. Enjoy top-notch facilities and services in a convenient location as well as all the other economic benefits offered by a well-run Foreign Trade Zone. For more information, go to www.ftz52.com.
About Islip Foreign Trade Zone #52:
Islip Foreign Trade Zone #52 is a site in Long Island, N.Y., where foreign or domestic merchandise may enter without a formal Customs entry, payment of Customs duties or government excise tax.
To learn more, please visit www.ftz52.com.
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