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FTZ Designation Aims to Boost Montreal’s International Cargo Flows

August 14, 2019

In the jostle for transatlantic traffic, Montreal has added a foreign-trade zone (FTZ) to its arsenal of incentives to attract business.

The  FTZ designation covers the entire metropolitan Montreal area, allowing companies to import goods for manufacturing or assembly duty-free for up to four years, provided the final product leaving the zone is for export.

Montreal is the  thirteenth FTZ in Canada. It pulled level with Quebec City and Halifax, its rival Canadian ports vying for international traffic, which already established FTZs. Quebec City obtained FTZ status in September 2017.

You can read more on The Loadstar

Source: The Loadstar

 


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