foreign trade zones

WKMS File Photo

The U.S. Department of Commerce Foreign-Trade Zone Board has approved the Paducah-McCracken County Riverport Authority to establish a foreign-trade zone. The riverport authority has been working for approval since 2011.

http://www.paducahriverport.org/

The Paducah-McCracken County Riverport Authority is sending its Foreign Trade Zone application next week for final review in a move that could bring more industry and jobs to the region.

The designation would allow imports or exports to stay within that zone duty free.

The federal government has approved 10 industrial parks in West Tennessee for designation as foreign trade zones. The U.S. Foreign Trade Zone Board issued the decision for the Port of Cates Landing in Lake County and other industrial parks in Dyer, Obion, Gibson and other west Tennessee counties.