Forum to focus on foreign trade zones
By SCOTT BUTKI
Business representatives, land owners and residents will have a chance to attend a discussion on the idea of creating a foreign trade zone in Washington County during a Wednesday forum.
Foreign trade zones are areas in which companies don't have to pay tariffs when importing products, said Joseph Trocino, a consultant working on the project. Foreign trade zones are treated by the U.S. Customs Service as if they were outside of the Customs territory of the United States.
The zones provide a way for companies to compete with foreign competitors, said Trocino of Trocino & Associates, of Leesburg, Va. Trocino is being paid by PenMar Development Corp., which is charged with developing the former Fort Ritchie Army Base for business use. PenMar is working to replace the 2,000 jobs lost when Fort Ritchie closed in September 1998.