Caldwell approves foreign trade zone

Caldwell approves foreign trade zone

by
Mitch Coffman
May 21, 2012
Mitch Coffman
May 21, 2012

A foreign trade zone has been approved in Caldwell, according to the Idaho Press-Tribune.

As the article points out, this doesn't mean foreign countries will be setting up shop and taking away jobs from the community. Actually, foreign trade zones are seen as a way for U.S. companies to compete with foreign markets.

The idea is that U.S. customs requirements do not apply within the zone, meaning companies may import material without paying an import tax, unless it's sold within the states. Local, state and federal laws still apply.

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