CHALLENGES & SOLUTIONS
Minimizing duties is one of the fastest and easiest ways to squeeze significant financial returns out of a company's global supply chain. A riyal, dollar, pound, or euro saved in duties goes straight to a company's bottom line. Duty minimization opportunities come in many forms, including preferential trade programs, customs warehousing programs (aka Foreign-Trade Zones in the United States), and duty drawback. Unfortunately, many companies fail to take advantage of these programs due to the perceived difficulties of qualifying for and administering them.
Duty Management solutions help companies simplify and automate the qualification and administration process of preferential trade programs, along with managing Foreign-Trade Zones. We streamline determining how much money customs agencies owe you and make it easier and more efficient to reduce and eliminate duties.
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