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Companies operating in foreign trade zones to gain preferential treatment under USMCA

May 27, 2020 at 11:00 AM
Companies that manufacture goods in U.S. foreign trade zones will gain preferential treatment under the U.S.-Mexico-Canada Agreement, a benefit prohibited under NAFTA, trade lawyers tell Inside U.S. Trade . The USMCA implementing bill does not include a provision from the NAFTA implementing bill that prevented U.S. manufacturers operating in foreign trade zones from receiving preferential treatment. The National Association of Foreign Trade Zones, which calls itself “the collective voice” of the FTZ program, since 2017 has called on the Office...

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