The Port of New Orleans (Port NOLA) reports that the U.S, Department of Commerce has approved its application to expand the port’s Foreign Trade Zone (FTZ No. 2) service area to include
Photo: Port NOLA
The Port of New Orleans (Port NOLA) reports that the U.S, Department of Commerce has approved its application to expand the port’s Foreign Trade Zone (FTZ No. 2) service area to include St. Tammany Parish. FTZ No. 2 already covers Orleans, Jefferson, and St. Bernard Parishes. This expansion positions the port and the broader Southeast Louisiana business community to attract new investment, support regional economic development, and create jobs.
“This approval marks a significant milestone for Port NOLA and our regional partners,” said Beth Branch, Port NOLA president and CEO. “By expanding our Foreign Trade Zone into St. Tammany Parish, we are offering businesses another powerful tool to strengthen their competitiveness, increase trade opportunities, and ultimately generate new jobs across the region.”
Why FTZ expansion matters
A Foreign Trade Zone (FTZ) is a secure area under U.S. Customs and Border Protection supervision that allows businesses to defer, reduce, or even eliminate duties
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