The zone allows imported goods to be stored or processed without being subject to import duties
HALIFAX—The federal government has announced the creation of a foreign trade zone in Halifax.
A foreign trade zone is a location within a country where imported goods may be stored or processed without being subject to import duties.
It will be located within the Halifax Gateway, which includes the Halifax Stanfield International Airport, the Port of Halifax, two deep water container terminals, CN Rail facilities, and the Halifax Logistics Park located in Dartmouth.
The Atlantic Canada Opportunities Agency says in a statement that the foreign trade zone will enable the Halifax Gateway to work more effectively with national and international companies to provide faster access to the rest of North America.