ATLANTIC

Ottawa announces creation of new foreign trade zone in Halifax

THE CANADIAN PRESS Published Wednesday, July 29, 2015 5:32PM ADT Last Updated Wednesday, July 29, 2015 5:33PM ADT

The foreign trade zone will be located within the Halifax Gateway, which includes the Halifax Stanfield International Airport, the Port of Halifax,and other areas.

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HALIFAX - The federal government has announced the creation of a foreign trade zone in Halifax.

Justice Minister Peter MacKay made the announcement Wednesday.

A foreign trade zone is a location within a country where imported goods may be stored or processed without being subject to import duties.

It will be located within the Halifax Gateway, which includes the Halifax Stanfield International Airport, the Port of Halifax, two deep water container terminals, CN Rail facilities, and the Halifax Logistics Park located in Dartmouth.

The Atlantic Canada Opportunities Agency says in a statement that the foreign trade zone will enable the Halifax Gateway to work more effectively with national and international companies to provide faster access to the rest of North America.