7 Apr 2025
📦Expansion of Foreign-Trade Zone 262 Approved in Southaven, MS
Reorganization of Foreign-Trade Zone 262 (Expansion of Service Area) Under Alternative Site Framework; Southaven, Mississippi
Summary
The Department of Commerce has approved the reorganization and expansion of Foreign-Trade Zone 262, allowing the service area to include additional counties in Mississippi. This action promotes foreign commerce by facilitating the establishment of foreign-trade zones adjacent to U.S. ports of entry, thereby encouraging economic development in the region.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$ - Med
The regulatory notice approves the expansion of Foreign-Trade Zone 262, which has significant implications for businesses in the area regarding duty exemptions and enhanced trade facilitation. This expansion encourages foreign commerce and could attract business investments, thereby enhancing economic growth opportunities.