Monday, June 21, 2021
81.1 F
Fort Worth

D/FW Airport, Taiwan officials sign free trade zone alliance

🕐 2 min read

A. Lee Graham Reporter

Dallas/Fort Worth International Airport, operator of DFW Foreign Trade Zone No. 39, and Farglory Free Trade Zone of Taiwan have signed a free zone trade alliance creating a framework for a collaborative alliance between the two organizations. Signing the agreement were Jeff Fegan, CEO of D/FW Airport, and Yeh Chun-Yao, chairman of the Farglory Free Trade Zone. Witnessing the recent signing were Fort Worth District 6 Councilman Jungus Jordan, Dallas Deputy Mayor Pro Tem Tennell Atkins, DFW Airport Board Chair Robert Hsueh and Chao Teng-Hsiung, chairman of the Farglory Group. “DFW and the Farglory Free Trade Zone recognize each other as world-class trade zones in our respective regions, so it is an honor to sign our new strategic alliance,” said Fegan, commenting in a news release. “Both zones are strategically located for the shipment of goods to their respective regions, and both promote efficient trade with excellent facilities with outstanding service,” Fegan said. The memorandum of understanding formalizes the establishment of a free trade zone alliance between the two trade zones while outlining the exchange of expertise to benefit business and develop new opportunities in global markets. “This alliance will build more opportunities for businesses to build relationships,” Hsueh said. “And when you create new relationships, those efforts can have a positive impact on economic development including increased trade and tourism between both regions.” Taiwan represents one of Texas’ largest trading partners. The country also represents about 25 percent of all international air cargo traffic passing through DFW Airport. D/FW Airport received federal authority to operate an on-site, 2,400-acre foreign trade zone in 1979. D/FW’s primary foreign trade zone is located on airport property, comprising about 2,400 acres. The zone encourages capital investment in the U.S. through relief in paying customs duties and tariffs, leading to a reduction in costs of engaging in international trade. The D/FW Airport Foreign Trade Zone also manages trade zone sub-sites in Tarrant, Dallas, Denton, Collin, Kaufman and Grayson counties. More information is available at www.dfwairport.com.  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Related Articles

Our Digital Sponsors

Latest Articles