FTZ Board Approves Expansion of San Francisco FTZ to Neighboring Counties
The Foreign-Trade Zones Board approved a request from the Port of San Francisco to expand FTZ No. 3’s service area to include several neighboring counties. The zone previously serviced only San Francisco and San Mateo Counties, but now also includes Contra Costa, Martin and Solano Counties. Portions of Sonoma and Napa Counties are now serviced as well.
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“Foreign Trade Zones are one tool to reduce logistics costs, which translates into savings to a company’s bottom line,” said Jim Maloney of the Port of San Francisco, grantee of FTZ No. 3. “The FTZ program provides an excellent opportunity for Bay Area businesses to enhance their competitiveness in the global economy,” he said in a press release (here).
(Federal Register 05/13/13)