U.S. Foreign-Trade Zones Attract FDI to United States
By Daniel Griswold, President, National Association of Foreign-Trade Zones (NAFTZ) (Location USA / April 2013)
With their streamlined regulations and many advantages, U.S. foreign-trade zones have become home to the successful operations of many foreign-owned affiliates.
For a company looking to locate an affiliate in the United States, the Foreign-Trade Zones (FTZs) program, established in 1934, can provide a secure, efficient, and profitable platform to compete effectively in domestic and global markets. U.S. foreign-trade zones are currently home to 2,800 companies across the United States and Puerto Rico, among them such brand-name global producers as AstraZeneca Pharmaceuticals, BAE Systems, LG Electronics, Michelin, Ricoh, Samsung, Sony, ThyssenKrupp, and Yamaha. New streamlined regulations implemented in 2012 have made the program more attractive than ever to companies large and small, foreign and domestic.
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