The Eastern Iowa Airport (CID)

Air travel on a higher plane

The Eastern Iowa Airport makes getting there easy

Little known fact: the Eastern Iowa Airport (CID) is one of the most convenient airports in the country. Easily accessible off Interstate I-380, travelers marvel at how quickly they can get in and get out of this contemporary and technologically advanced airport.

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Easy international commerce

Look at this! CID is a Foreign Trade Zone

It might be surprising to learn that an airport in Eastern Iowa is a designated Foreign-Trade Zone (FTZ), but it’s just another reason why the Eastern Iowa Airport is so convenient. As an FTZ, foreign and domestic merchandise may enter without a formal customs entry, the payment of customs duties, or federal and state use/excise taxes and personal property taxes.

FTZ = huge savings for companies doing business in international commerce.

Firms may also perform manufacturing or processing operations, packing or inspection checks, and a variety of other activities using imported goods before duties are paid. Scrap or rejected goods not entering the commerce of the United States are never taxed. By using a number of cost-saving strategies, firms may use Foreign-Trade Zones to decrease operational costs associated with customs duties.

ADVANTAGES of using a Foreign Trade Zone (FTZ):

• Limit the requirement to pay customs duty on arrival of merchandise
• Eliminate duty on re-exported merchandise
• Eliminate duty on damaged or unmarketable items
• Defer duty payments until goods are ready for sale
• Limit non-value-added costs while manipulation or processing merchandise in the FTZ
• Store both bonded and non-bonded merchandise within the FTZ
• Reduced insurance rate on merchandise stored in the FTZ