FTZs help propel “Global South” exports

Exports are booming from America’s “Global South,” according to an informative article in the July issue of Global Trade magazine. The article sites a number of industries located in the southeastern United States that are enjoying extraordinary success selling abroad. Leading the way is the auto and auto parts segment, which accounts for the single largest export category for the Southeast, according to a report cited in the article by the Economist Intelligence Unit. The automakers cited by Global Trade—BMW, Toyota, Nissan, and Volkswagen—all export automobiles from plants operating in U.S. Foreign-Trade Zones.  The article notes that the BMW plant in Spartanburg, S.C. (FTZ Subzone 38A), exports its vehicles through the Port of Charleston to 130 other countries.

 

 

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