The U.S. Department of Commerce recently approved the modification of Gregg County’s Foreign Trade Zone to provide a new benefit for businesses. The new designation, the Alternate Site Designation, is the first of its kind in the nation and will allow companies located within Gregg County to secure Foreign Trade Zone status for warehousing, distribution and manufacturing operations within approximately 30 days, faster than the usual timeframe.
Any foreign and domestic merchandise, unless prohibited by law, may be brought into a foreign trade zone without being subject to the custom laws of the U.S. governing the entry of goods or the payment of duty.