Rickenbacker’s Foreign-Trade Zone tops in 2015 textile and footwear imports

Rickenbacker’s Foreign-Trade Zone tops in 2015 textile and footwear imports

Posted By : STAT Times 06-10-2016 00:00:00


Oct 06, 2016: Rickenbacker’s Foreign-Trade Zone #138 is tops in the nation for the total value of textiles and footwear imported into the United States through FTZs in 2015, moving more than $6.2 billion out of the nation’s total $8.9 billion in that category.

“We expect this trend to continue for the foreseeable future as more distribution centres will become active within FTZ #138 in the next few years,” said David Whitaker, vice president of Business Development & Communications at Columbus Regional Airport Authority.

“We will keep working diligently to help companies in Central Ohio compete globally by operating as part of FTZ #138.”

Foreign-Trade Zone #138, administered by CRAA, was ranked ninth out of 186 active zones in the United States based on the total value of all goods that entered in 2015. More than $7.8 billion of goods moved through the zone, up 37 percent from $5.7 billion in 2014. This is the third consecutive year FTZ #138 was ranked one of the top 10 US Foreign-Trade Zones.

FTZ #138 serves 25 counties in Central Ohio and allows companies to increase global competitiveness and profits by lowering costs associated with importing merchandise including textiles, footwear, pharmaceuticals and electronics. Benefits of the FTZ include deferred, reduced or eliminated U.S. Customs import duties; reduced processing fees; quicker movement of goods from the port of entry; supply chain predictability; strong inventory control; and best practice relative to cargo security.

FTZ #138 received its No. 9 ranking via the US Foreign-Trade Zone Board’s 2015 Annual Report to Congress.

The Board is part of the International Trade Administration within the US Department of Commerce.

Foreign-Trade Zone #138, administered by the Columbus Regional Airport Authority, is part of the greater Rickenbacker Inland Port.


Related Posts:-