Seeking Import/Export Partners & Distributors
Packaging is a vital component of export success. Products need to be preserved and protected in order to reach their destination in perfect condition. In most cases, packaging for Export has different requirements than packaging for domestic or shipping throughout North America.
Most countries have specific requirements for packaging materials allowed to be imported into the country. Genesee Packaging has been providing export expertise and country-specific packaging services for many years.
We inspect, pack and label your containers, and partner with a network of freight-forwarding firms that coordinate loading your containers into larger air or sea containers. Your container is traceable from Genesee Packaging to port, and from port of exit to port of entry.
We’re here to make your export initiative a success.
Genesee Packing was the recipient of the Exporter of the Year award. Read More.
Genesee Packaging offers customers importing goods or raw materials into the U.S. a unique opportunity to defer the payment of duty by using our Foreign Trade Zone status. Duties are not required to be paid until the final product/package leaves the zone.
Genesee has access to partner with a Sub-zone of General Purpose Foreign Trade Zone #140 in Flint, Michigan. A Foreign Trade Zone, or FTZ for short, can be advantageous for many companies involved in the import and export of goods.
What is a Foreign Trade Zone?
An FTZ is a secured area within the United States, in or near a U.S. Customs port of entry, where foreign and domestic merchandise is considered to be legally outside of U.S. Customs territory. Certain types of merchandise can be imported into an FTZ without going through formal Customs entry procedures or paying import duties. Customs duties and excise taxes are due only at the time of transfer from the FTZ for U.S. consumption.
What are the benefits of operating in a Foreign Trade Zone?
- Weekly Entry Savings: Under weekly entry procedures users save by only having to file ONE customs entry per week, rather than one per shipment, while maintaining the same maximum processing fee.
- Duty Exemption on Re-exports: Whenever a manufacturer imports a component or raw materials into the U.S. they are required to pay the duties once they enter the country. However, since the Foreign Trade Zone is considered to be outside the commerce of the United States and U.S. Customs, no duty is owed until the merchandise leaves the zone and enters the commerce of the United States. If the imported merchandise is exported back out of the country, no duty is ever due.
- Duty Deferral: Customs duty on merchandise brought into a Foreign Trade Zone is deferred until the goods are released from the Zone. Therefore, companies can avoid substantial amounts of money being tied up for custom duties on inventory until they are prepared to release into commerce.
- No Time Limits: There is no time limit placed on goods stored in an FTZ and goods can be released immediately, unlike bonded storage.
What functions can be done in a Foreign Trade Zone?
A variety of functions can be conducted in a foreign trade zone, including assembling, testing, re-work, cleaning, re-labeling, re-packing, co-packing with other foreign or domestic product, or destroying.
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