“With a foreign trade zone designation, Montreal has just acquired another tool to boost its attractiveness as an international trade hub and gateway to North America, for the great benefit of our importers and exporters as well as the entire logistics and transportation sector” according to Mathieu Charbonneau- Executive Director of Cargo M

A Foreign Trade Zone is generally a well-defined location in a given country where the purchase or import of raw materials, inputs or finished goods is officially eligible for exemption from customs duties and taxes. Such materials may generally be stored, processed or assembled in the FTZ for re-export (in which case they are not subject to any customs duties or taxes) or for sale on the domestic market (in which case the duties and taxes are deferred until time of sale).