Going Global: The Impact Of US Foreign Trade Zones On Drug Product Manufacturing Costs And Timelines

In today’s global economy, your pharmaceutical materials and components may be sourced from all over the world. The importation of these materials may come with a steep price tag. Luckily, there are strategies to mitigate those costs, keep your manufacturing local, and remove obstacles in your regulatory path. In the US, Foreign Trade Zones (FTZ) streamline customs procedures and allow for manufacturing and storage of materials and finished goods with delayed or reduced duties.

Learn about Foreign Trade Zones and how they can improve your speed to market while saving thousands in duties, including:

• Weighing the benefits and costs of establishing a FTZ
• Impacts on your regulatory timeline
• Alternative methods of reducing tariffs and duties

Zeno Smith
Director, Trade Compliance, Pharma Services Group, Thermo Fisher Scientific

Zeno has worked in trade compliance for over 20 years. During this time, he has worked in automotive, aerospace, and pharmaceutical industries. One of his primary focuses has been the activation and administration of Foreign Trade Zones, which he has done at various Customs ports all over the country.