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

[poll id="42"]

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]

© The North Bay Business Journal  |  Terms of Service |  Privacy Policy |  Jobs With Us |  RSS |  Advertising |  Sonoma Media Investments
Switch to our Mobile View