Uncovering the Power of US Foreign Trade Zones: Your Secret to Gaining a Competitive Advantage with Liz Connell

Discover the billion-dollar benefits of US Foreign Trade Zones in the latest episode of Simply Trade podcast! Uncover how these zones create jobs, save money, and protect businesses in an increasingly volatile regulatory environment. Join Andy, Lalo, and their guest, Liz Connell from Thomson Reuters, as they dive deep into the world of Foreign Trade Zones (FTZs) and their significance in today's economic landscape. Key Discussion Points Liz emphasizes the need for FTZs in the current trade environment. With billions of dollars saved annually and job creation in the US, FTZs have never been in higher demand. Contrary to popular belief, FTZs provide substantial financial and social benefits: bringing jobs to the US, reducing operational costs, and increasing investment opportunities. Managing cash flow is crucial for CFOs looking to optimize financials. Hence, FTZs can provide attractive opportunities to better manage cash flow by delaying duties and taxes. One hurdle to overcome is the lack of legislative change to adjust the law related to de minimis shipments from FTZs. Foreign companies currently have an advantage over US companies in this area. This engaging episode of Simply Trade sheds light on the vital role FTZs play in bolstering the US economy and keeping businesses competitive in our evolving global trade landscape. As Liz Connell notes, FTZs will continue to be a sought-after solution for businesses looking to protect their bottom line in today's unpredictable world. Don't miss out on other insightful discussions—subscribe to Simply Trade podcast and leave a review to show your support! Enjoy the show! Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/  Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/  Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/ Show references: Global Training Center - www.GlobalTrainingCenter.com Simply Trade Podcast - twitter.com/SimplyTradePod  Liz Connell- https://www.linkedin.com/in/elizabeth-connell-lcb-azs-64a10026/ Thomson Reuters (Global Trade Solutions) - https://tax.thomsonreuters.com/en/corporation-solutions/global-trade-management Contact [email protected] or message @SimplyTradePod for: Advertising and sponsoring on Simply Trade Requests to be on the show as guest Suggest any topics you would like to hear about Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.