North Bay Business Journal

Wednesday, October 31, 2012, 10:12 am

Share your thoughts: Will a foreign trade zone help North Bay exporters?

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    NBBJ Pulse Poll

    Would the proposed expansion of the foreign-trade zone benefit North Bay companies that export?

    • Yes (59%, 10 votes)
    • No (29%, 5 votes)
    • Don't know (12%, 3 votes)

    Total voters: 17
    Polling period: October 31, 2012 @ 12:05 am – November 6, 2012 @ 11:59 pm

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    This NBBJ Pulse Poll ends Nov. 6. View all polls.

    With a steady increase in import-export activities by a growing number of companies and manufacturers in North Bay, the Port of San Francisco has approved eligibility for the expansion of the boundaries of its existing Foreign Trade Zone No. 3 to encompass much of Sonoma County, part of Napa County and all of Marin, Solano and Contra Costa counties.

    Local manufacturers see this as beneficial process in helping to improve profitability.

    A new foreign trade zone will enable North Coast wine exporters to establish strong brands in foreign markets, creating a long-term strategic advantage, while making the export process less expensive and leaving more room for profit.

    A federal trade zone is similar to an airport duty-free zone for consumers, but one in which local firms can defer, reduce or eliminate duties on imported, exported or stored goods as they operate under a series of special exemptions and guidelines. [read more]

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