The Government of Canada has recently announced the designation of the Niagara Foreign Trade Zone (FTZ) Point, serving the region’s 12 municipalities from east of Hamilton to the United States border. To foster a supportive business climate, we need to help spur innovation and investment and open up international markets. This Point will serve as a one-stop shop for businesses to access information on Canada’s FTZ policies and programs. This is the first FTZ Point established in Ontario.
The FTZ Point will promote Niagara as a hub for international trade and will attract foreign and domestic investment. Designating a FTZ Point in Niagara aligns with the Government of Canada’s priorities to help businesses integrate into foreign markets and global value chains.
The Niagara FTZ Point will provide streamlined information on the Government of Canada’s tax and tariff export-related programs that can make it easier for businesses looking to expand and export. FTZ programming includes, for example, the Duty Deferral Program, the Drawback Program, the Customs Bonded Warehouse Program, the Export Distribution Centre Program and the Exporters of Processing Services Program.
This notice and further information can be found on the Government of Canada’s website.
To learn more about Foreign Trade Zone (FTZ) in Canada visit the Department of Finance website.