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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