The Port of Seattle has earned international recognition for its exceptional growth in Foreign Trade Zone (FTZ) #5, receiving an award from FDI Magazine. This achievement, marked by a remarkable 72 percent expansion from 33,180 to 57,238 square meters, reflects the port's dedication to fostering international trade. FTZs, established in 1934 to encourage global commerce and U.S. employment, allow companies to designate secure sites within the United States where both foreign and domestic merchandise can be admitted for various purposes without the usual Customs procedures or duty payments. The Port's commitment to FTZ excellence positions it as a strategic hub for businesses engaged in international trade activities.
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