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SJ CONNECTS

What is a FTZ?

A Foreign Trade Zone Point (FTZ Point) refers to a strategic location within Canada for international trade. An FTZ Task Force, comprised of representatives from Municipal and Provincial Governments and several Federal departments, will serve as a behind-the-scenes facilitator for ESJ – with the goal of improving access to existing programs, and promoting Canada’s foreign trade zone advantage.

What is the function of an FTZ?

The Government of Canada has developed several assistance programs to reduce the burden of tariffs, excise duties and taxes in the import and export of goods in the manufacturing sector. They are:


• Duties Relief Program
• Drawback Program
• Export Distribution Centre Program
• Custom Bonded Warehouse Program
• Exporters of Processing Services Program

What is the purpose of an FTZ?
  • Simplify the application process to access

  • Canada’s FTZ programs

  • Eliminate certain fees

  • Introduce service standards for application processing times

  • Enhance delivery of FTZ-type programs by having a “single window” for access

 
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Benefits of an FTZ

Businesses can benefit from using an FTZ Point in the following ways:

 

  • Reduced paper burden

  • Improved cash flow

  • Reduced operating expenses

  • Increased international competitiveness

  • Productivity-enhancing advanced machinery and equipment purchases  made more affordable

  • Simplified tariff structure 

  • No need to apply for duties relief and drawback (refund) by manufacturers

  • Reduced overall tariff compliance cost and administrative burden

  • Duty-free manufacturing and continued preferential market access under the North American Free Trade Agreement (NAFTA)

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The Greater Saint John
Advantage

Saint John, New Brunswick is the 10th FTZ Point in Canada and Economic Development Greater Saint John (EDGSJ) has been designated as a single-point of access to information and facilitation services with respect to Government of Canada FTZ policies and programs.

 

The Greater Saint John region is recognized as one of Canada’s strategic locations for
International trade. It is home to:

  • The third largest port by volume in Canada

  • An advanced multi-modal transportation infrastructure

  • Available land in its industrial parks (for new warehousing and manufacturing facilities)

  • An existing industrial base boasting an advanced supply chain

 
 

About Us

We are the economic development agency for Greater Saint John, which encompasses the communities of Grand Bay-Westfield, Saint John, Rothesay, Quispamsis, and St. Martins.

 

We are dedicated to achieving steady, long-term economic growth for our region by creating the kind of opportunities that improve quality of life and drive prosperity.

  • Our Mission: More jobs, more people, and a more attractive business environment

  • Our Vision: Consistent, long-term economic growth for Greater Saint John

Contact Us

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© 2020 by Economic Development Greater Saint John