Free Trade Zone: Understanding its Logistics
“Globalism began as a vision of a world with free trade, shared prosperity, and open borders. These are good, even noble things to aim for”. Deepak Chopra
It is important that we manage our daily activities efficiently so that we do not end up being less productive. Having distractions around us may be unavoidable, but it is essential we make sure it does not make us lose focus in doing the fundamental things. We are gradually wrapping up the first half of the year and most people would not want to be on the wrong side of their appraisals, so start the new week with a clear and positive mind and do what you must do. Welcome to Logistics Monday.
Free Trade Zones (FTZs) are delimited and enclosed areas of a national customs territory where foreign manufacturing firms, mainly producing for export, benefit from a certain number of fiscal and financial incentives.
A free trade zone is centered around global exchange, particularly value-added logistics activities involving light manufacturing and handling.
Logistics in Free Trade Zone
Logistics-oriented FTZs or logistic parks are basically a cluster of related organizations that offer different services, including CFS (Container Freight Stuffing), storage, consolidation and distribution, and value-added services. The table below highlights the functionalities of the services offered in the FTZs:
|CFS (Container Freight Station)||This is a warehouse where cargo belonging to different exporters and importers is unstuffed and stuffed from the containers before being exported or imported|
|Consolidating and distributing||The area where freight is consolidated and put away to be dispersed to territorial stockpiling warehouse or different business sectors.|
|Value added Services||Additional exercises like processing, labeling, assembling and so forth before freight is moved to inland regions or delivered for different nations. This is a mix of coordination and mechanical exercises.|
|Storage||A spot to store freight before the load conveys to a last representative.|
There is need for proper logistics management in the Free Trade Zones and that is what we ensure in TGL. We guarantee that your cargo is coordinated efficiently. We can help you with the custom brokerage and every required document you need to move cargo in the free tree zones in a timely and effective manner.
We understand the importance of providing swift, affordable, and safe delivery of your goods and are readily available in assisting your business to achieve its business goals while maximizing profit and reducing cost through our logistics solutions.
With a team of over 50 years combined experience in freight forwarding, out-country and in-country logistics, compliance/documentation, and core technology services, we bring to the table a firm promise to provide a reliable platform for end-to-end logistics solutions for B2B and B2C businesses.
Get in touch with our experts to discuss your Logistics requirements
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