Monday, March 02, 2009

Trade Zone Can Aid Disney Parks

This Orlando Sentinel news article describes how the recently-approved free trade zone in Orange Country may help not only the Disney Cruise Line, but also the theme parks.

The chief purpose of the foreign-trade zone is still to allow Disney Cruise Line to move foreign-made goods between its warehouses and its Bahamian-flagged cruise ships without having to pay import duties. That's because goods stored in such a trade zone are treated as thoough they had never entered the U.S. The goods for the ships include everything from spare diesel-engine parts and extra icemakers to artwork, bed linens, televisions, plush toys, liquor and chocolate.

But a secondary benefit of such a warehouse is that it could allow Disney World to defer paying duty on foreign-made merchandise used or sold in the giant resort.

Disney could import items straight to the warehouse and not have to pay duty on them until it was ready to use them.


Too bad we can't shop in there. :)

Zz.

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