HALIFAX – The federal government has announced the creation of a foreign trade zone in Halifax.
Justice Minister Peter MacKay made the announcement Wednesday.
A foreign trade zone is a location within a country where imported goods may be stored or processed without being subject to import duties.
Get daily National news
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.
- Alcohol sales in Canada just saw ‘largest’ annual drop since tracking began
- Americans view each other as morally bad, poll says. Canada is the opposite
- ‘Buy Canadian’ policy likely to cost taxpayers $12 billion yearly: study
- Alberta’s premier consulting on scrapping clock changes, prefers more light at night
Comments
Want to discuss? Please read our Commenting Policy first.