The Foreign-Trade Zones Board has approved the creation of a foreign-trade zone in Clallam County, Washington. This approval allows the Port of Port Angeles to establish Foreign-Trade Zone No. 303 as part of an "Alternative Site Framework," which provides certain trade benefits. The decision includes specific conditions such as a 2,000-acre activation limit and a requirement that one of the proposed sites must be activated within five years. This move aims to boost foreign commerce and was finalized on January 10, 2025.
Simple Explanation
The Foreign-Trade Zones Board has decided to let Clallam County, Washington, make a special area, called a foreign-trade zone, where trading things with other countries is easier and cheaper. They said it's okay as long as it's not too big and gets started within five years, which is like telling someone they can build a big playground if they follow certain rules.