FedEx Logistics to open Foreign Trade Zone for USA-Mexico border

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FedEx subsidiary FedEx Logistics has announced that it is due to open a Foreign Trade Zone (FTZ) location in El Paso, Texas.

According to the company, this site will complement existing locations in Los Angeles, New York, Dallas and Chicago. FTZ facilities enable importers and exporters shipping goods into the USA to benefit from a wide range of duty and tax incentives while reducing costs and inefficiencies and satisfying warehousing and logistics needs in one location.

“This new Foreign Trade Zone’s business-friendly regulations and first-class logistics infrastructure can give our customers the edge they need to succeed in the competitive global market,” explained Udo Lange, president and CEO of FedEx Logistics.

“Trade is the lifeblood of the global economy, so FedEx Logistics is delighted to give businesses another way to tap into suppliers and markets — and ultimately, new sources of revenue and growth — all over the world.”

According to FedEx Logistics, it selected El Paso as it is a key gateway in and out of Mexico, noting that an FTZ is a secure, controlled area located in the USA that is treated as if it is located outside the country for customs-entry purposes.

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