Business, Freight News, Sea

Canaveral Port Authority to Waive Fee for Companies Seeking to Operate in FTZ #136

[ January 22, 2021   //   ]

The Canaveral Port Authority announced it will waive the standard application fee for businesses located in Brevard County seeking to establish a designated usage driven site within Port Canaveral’s Foreign Trade Zone (FTZ) #136. The fee waiver is effective immediately and will be available to applicants through December 31, 2021.

Port Canaveral is the grantee for FTZ #136, which encompasses all of Brevard County. Brevard County companies importing, finishing and exporting products may benefit from cost saving advantages as a designated site in FTZ #136, including expedited customs clearance and lower fees, inverted tariff relief and the ability to change or alter products quickly.

“Companies operating in our Foreign Trade Zone have been able to realize operational efficiencies and cost savings to achieve competitive advantages in the global marketplace,” said Port CEO Capt. John Murray. “We’re proud of our partners at American Cruise Aid Logistics, Seaport Canaveral and Airbus OneWeb Satellites, who have furthered their success as FTZ #136 operators.”