Foreign trade zone forum in Ardmore

By: KXII-TV Staff Email
By: KXII-TV Staff Email

ARDMORE, Okla. -- Doing business globally was the focus at a forum Thursday at the Ardmore Convention Center. Specifically, officials were talking about foreign trade zones.

Specialized zones are designed to bolster commerce by allowing companies to import raw materials from foreign companies and not paying taxes on them until they are ready to go to market.

Officials have asked the government to expand one such zone near the Ardmore Air Park to the tune of 2,900 acres.

Foreign trade zone expert Craig Pool says, "[It would] provide many more companies with foreign trade zone benefits, which will do a number of things. It would allow them to be more competitive and make this area more attractive to companies to come in and relocate to this area."

U.S. Customs officials were also at the meeting.

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