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By Ian Putzger
In the jostle for transatlantic traffic, Montreal has added a foreign-trade zone (FTZ) to its arsenal of incentives to attract business.
The FTZ designation covers the entire metropolitan Montreal area, allowing companies to import goods for manufacturing or assembly duty-free for up to four years, provided the final product leaving the zone is for export.
Transport interests in Montreal, under the umbrella of CargoM, have vied for FTZ status for the region to generate more international cargo traffic.
“With the foreign trade zone ...
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