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West Memphis Moves Closer to Foreign Trade Zone Designation

West Memphisai??i?? application to establish a Foreign Trade Zone (FTZ) moved forward as a representative from the Foreign Trade Zone Board recently heard testimony in support of the designation. A West Memphis FTZ would allow domestic activity on foreign items prior to a formal customs entry and essentially allows re-exported merchandise duty-free treatment, while duty payment is deferred on items sold domestically. According to the International Trade Administration of the Department of Commerce, the designation aims to offset ai???customs advantages available to overseas producers.ai???

The City of West Memphis and Arkansas Public Facilities Board applied for FTZ earlier in the year. Currently, there is only one other Foreign Trade Zone in Arkansas.

West Memphis, Arkansas, is a home to industrial parks, distribution centers, and raw property that make prime locations for corporations looking to open a new distribution centers, processing centers, or manufacturing facilities. These properties are convenient to intermodal rail yards, major interstate highway access, deepwater river ports, a major cargo airport, and a MSA population of more than 1 million. Relocating and expanding companies can get vital site selection data and incentive information about these promising locations from.

Ward Wimbish
Director, Economic Development
wimbish@westmemphis.com
870-732-7500





The overview information provided in this packet is to inform the prospect of detailed information regarding the site in question. Information is subject to change without notification. Information is provided by sources deemed reliable, however, it is the responsibility of the prospect to determine the suitability of the site for his particular use. The City of West Memphis does not warrant the accuracy or comprehensiveness of any information provided herein. Please contact the Office of Economic Development at 870.732.7500 for the most current information.