USMCA, CPTPP, CETA. . . here’s one more acronym.

by Economic Development | Nov 13, 2018

FTZVI. Okay so given all the media attention around NAFTA you probably know USMCA is the United States, Mexico, Canada free trade agreement replacing  the North America Free Trade Agreement. CPTPP, or Comprehensive and Progressive Trans-Pacific Partnership is a free trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. And CETA, or Comprehensive Economic and Trade Agreement is Canada’s free trade agreement between Canada and members of the European Union.

So what is FTZVI?

FTZVI is the newly declared Vancouver Island Foreign Trade Zone. 

So what does that mean?

In general terms it means that Vancouver Island is officially designated as a zone eligible for tariff and tax exemptions with respect to the purchase or importation of raw materials, components or finished goods for export.  Tariff structures are simplified, reducing overall compliance costs and administration burdens. That’s great news!

Features of the program include:
blog6

To learn more, visit http://ftzvi.com/.

 “Vancouver Island is strategically positioned for export trade with Asia and the Americas. The Island has a significant inventory of under-utilized industrial land supported by transportation infrastructure with plenty of capacity to handle increased export volumes and attract investment.”

 — George Hanson, President & CEO, Vancouver Island Economic Alliance

FTZVI. . . another great reason to invest in Campbell River!

What's New
Jan 02, 2020 2019 Year-in-Review
Nov 01, 2018 New marine habitat
Nov 02, 2017 CRadvantage goes live!
Jul 25, 2017 Chalkfest returns!
Jun 30, 2017 Celebrate Canada Day!
Jan 09, 2017 2016 Year-in-Review
Dec 20, 2016 Tourism update!
Nov 16, 2016 Fire Chief for a Day
Oct 11, 2016 Afternoon garage fire
Sep 20, 2013 Walk-ability Survey
Sep 20, 2013 Tidemark grant in aid
Sep 21, 2013 ECAP
Sep 21, 2013 George Paul Passing
Sep 21, 2013 MyCity info update
Sep 21, 2013 Seed saving
Oct 08, 2013 Fire Prevention Week
Feb 24, 2014 Roads Update
Sep 24, 2014 Fall Fire Safety
Dec 18, 2014 Fawn Rd. house fire
Feb 06, 2015 Fire crews kept busy
Feb 26, 2015 Mobile home fire
Jun 26, 2015 New art summer camps
Dec 04, 2015 Storm Warning!
Jan 04, 2016 Jan. 1 City Currents
Jan 07, 2016 New Robron Field open!