St. Louis city, county seek foreign trade status
Wednesday, October 6, 2010
ST. LOUIS (AP) -- The city of St. Louis is teaming with St. Louis County in pushing to have their region declared a foreign trade zone, partly hoping to lure international air cargo also coveted by a struggling Illinois airport nearby.
The city and county on Monday asked the U.S. government for the duty-free designation they say could attract business to the area, notably if St. Louis' Lambert Airport becomes an air cargo hub with China. KTVI-TV reports that a Chinese delegation is to take a look at Lambert later this month.
If granted, the St. Louis Post-Dispatch reports the designation would mean that any business in the city or county would be able to receive, store, assemble and "re-export" products without paying federal customs duties.
MidAmerica St. Louis Airport in southwestern Illinois also is trying to attract air cargo service to their struggling operation.
More like this story
Use the comment form below to begin a discussion about this content.
Please review our Policies and Procedures before registering or commenting