The Basics of Foreign Trade Zones
In the United States, foreign trade zones (FTZs) are the domestic equivalents of international “free trade zones,” intended to encourage healthy competition with foreign businesses. These zones directly help U.S. companies who either import products or components from foreign countries by reducing, deferring, or eliminating duties and by allowing for greater supply chain efficiency.
San Antonio’s Foreign Trade Zone
As a city committed to maximizing its presence in the global economy, San Antonio is an ideal location for businesses interested in increasing their export power. With its engagement in globally-oriented economic programs and its optimal geographic location, the city provides a wide array of business opportunities, a quality enhanced by its Foreign Trade Zone designation.
Why San Antonio?
- City’s goal: to strengthen its role in the global economy through FDI and export growth.
- Developed a strategy to:
- Attract foreign direct investment.
- Increase export goods and services.
- Promote tourism in addition to cultural and educational exchanges.
- Showcase best practices in San Antonio’s municipal government.
Part of the Brookings-Rockefeller Project to facilitate an exchange of best practices in international trade
- Participant in the Brookings Institute’s first Metropolitan Export Exchange program:
- One of the original eight cities in the U.S.
- Designed to increase amount of exports in San Antonio to create jobs and economic growth