What Is Difference Between Ftz And Bonded Warehouse?
A Free Trade Zone (FTZ) is a designated area within a country where goods can be imported and exported without being subject to certain customs duties and other trade barriers. In contrast, a bonded warehouse is a facility where goods can be stored without payment of customs duties or taxes until they are ready for distribution or sale. The key difference between the two is that FTZs offer more flexibility for businesses to conduct international trade, while bonded warehouses serve as a temporary storage solution for goods awaiting clearance.