Port Corpus Christi Foreign Trade Zone adds Refugio CountyPort Corpus Christi Foreign Trade Zone adds Refugio Countyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=20602015-01-07T10:43:00Z2015-01-07T07:15:00Z

CORPUS CHRISTI - Port Corpus Christi, Grantee of Foreign Trade Zone #122, is approved for expansion of its foreign trade zone service area to include Refugio County under the Alternative Site Framework.

Foreign trade zones are designated secured areas located in or near U.S. Customs ports of entry but legally considered to be outside the customs territory.

The fundamental benefit offered by the program is the ability to defer, reduce or even eliminate customs duties on products admitted to the zone.

For U.S.-based companies involved in international trade, the Foreign Trade Zone Program provides a means of improving their competitive position.

Prior to the addition of Refugio County, the Port’s service area included

  • Aransas,
  • Bee,
  • Jim Wells,
  • Kleberg,
  • Nueces, and
  • San Patricio counties.

Companies within these counties that have a need for foreign trade zone status can apply for foreign trade zone status for their site.

Online news
Corpus Christi
Infrastructure & Transportation
http://www.portofcc.com/images/pccpdfs/news/2014/Refugio%20County%20FTZ%20-%2012-2014.pdfRead more at {Source}

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