Foreign Trade Zone Seminar

Seminar held Jul 31, 2015.
Industry expert Sean Murray, Miller & Company shares his insights on the advantages of utilizing a Foreign Trade Zone (FTZ) when importing components as part of the supply chain process.

[@Jacob-il6cy]

Thank you for speaking and for publishing the seminar. This was a very informative run through, I recommend this for anyone needing a quick demystification.

[@itsPhD]

Very interesting to learn about.

[@kentclark6420]

Tariffs aren't about ending trade. Just regulating imported products, materials, and parts. Some imports we may need, but others would be just competing with companies at home too much, once our factories were up and running. I say to the President- if you enact tariffs on those unneeded imports, just make sure that you have factories up and running, making those products, materials, and parts before you raise tariffs on them, since we'll need those imports in the meantime. Then, later, we can produce those things here, again, without foreign competition. As long as future presidents go along with it. I know it would be a risk for businesses to build new factories, unless they can get some assurance that we wouldn't change back to free trade, again. But we need to lower the trade deficit, and this is one way. By limiting imports. We have all the materials and technology to do it here. (U.S.). And it shouldn't raise prices too much on domestic goods, compared to imports, because there really isn't much difference in prices between the two, now. For one thing, you have to pay much more to ship goods across the world. And many good paying manufacturing jobs would open up again in the U.S., lowering unemployment, which is higher than the gov't always says. Imagine all the jobs created to produce replacements for all the imports. Either we get to a one-world without borders, or else have regulated trade. Don't combine the two, ('free' trade). Countries who have trade surpluses need to use their factories for their own internal economies.