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Article: Greater Detroit Foreign Trade Zone Annual Report.
- Article from:
- Journal of Transportation
- Article date:
- April 4, 2009
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The value of goods leaving Greater Detroit Foreign Trade Zone, Inc., (GDFTZ) zones in 2008 was the highest in more than 10 years. Goods valued at $12.7 billion were shipped from Detroit-area FTZs in 2008, an increase of $700 million over the previous year.
In 1997 - the last year domestic automakers used the zones program - a volume of goods worth a record $34.4 billion was forwarded. Since that time, foreign-trade zone use by the automotive OEMs (perennially the largest user of foreign-trade zones) has been in decline in the United States. Changes in GATT reduced or eliminated significant trade barriers, allowing most imported components used in the manufacture ...