Save Time and Money by Using Foreign Trade Zones and Bonded Warehouses Wisely
Whether you’re deciding between a Foreign Trade Zone (FTZ) and a bonded warehouse for FDA regulated products, there are a few important points to consider before making your decision. Make no mistake. The nuances between FTZs and bonded warehouses may appear negligible, but there are some clear advantages to using one over the other.
Each of them offers different opportunìties, and comes with its own set of obligations. And you must understand the requirements of both, so that you can use them to your advantage.
In this webinar, industry veteran Casper Uldriks will show you how to use Foreign Trade Zones and Bonded Warehouses wisely and to your advantage – both in terms of time and cost. Uldricks will explain your regulatory obligations toward the FDA and the U.S. Cùstoms and Border Protection service (CBP), and discuss the pros and cons of FTZs and bonded warehouses. You will learn how to apply the right criteria to determine your storage/manufacturing options, how to prepare procedures and records for the FDA and the CBP, make smarter decisions, and how to develop effective logistical strategies based on your product pipelines.
You will also learn about the FDA’s and CBP’s regulatory role and controls, how to ensure the physìcal securìty of your valuable cargo, how to effectively manage your bulk active pharmaceutical ingredients (APIs), and why some imported products may never have an easy path.
After attending this session, you will be able to save time and money by using Foreign Trade Zones and bonded warehouses wisely, compliantly – and to your advantage.
Casper (Cap) Uldriks brings over 32 years of experience from the FDA. He specializes in the FDA’s medical device program as a fìeld investigator, served as a senior manager in the Office of Compliance and an Associate Center Director for the Center for Devices and Radiological Health. Read more
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