Port Panama City is a licensed FTZ operator. FT Zones can be designated in appropriate areas throughout the Port and in the Port’s new 200-acre Intermodal Distribution Center.

a. Manufacture and manipulate merchandise to reduce duty rate
b. Store merchandise any length of time without Customs duty, bond or
Federal excise tax
c. Re-export goods without payment of duty
d. Drawback may be filed once goods are placed in the foreign trade zone
e. Destroy waste materials without duty payment
f. Exhibit goods without acquiring a Custom's bond
g. Freeze duty payment to avoid increase in duty once the merchandise is
brought into the Commerce
h. Store quota merchandise in the zone while waiting
1. Refund of Federal Excise Tax on items placed for export
j. Service, repair, assemble and test merchandise without payment of duty
k. Combine domestic and foreign components for marketing edge
1. Re-label improperly marked merchandise to avoid fines from Customs
m. Bring in bulk and repackage to reduce shipping freight charges
n. Avoid duty on accountable losses such as shrinkage and evaporation
o. Cash flow savings by not paying duty until ten working days after removal
from the zone. (If shipped into the United States)
p. Reduce insurance costs. Pay only for value of goods plus freight,
avoiding insuring the added value of duty and taxes
q. Eliminate bond for missing documents. Keep merchandise until documents
are located
r. Sell merchandise, without paying duty, while in the zone
s. Excellent center for the transshipment of goods to be stored awaiting
shipment

* A variety of other advantages depending on type of operation