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January 26, 2018

R.I. bids to become a statewide foreign trade zone. Who will benefit?

Rhode Island, which sometimes is at a disadvantage trying to lure or expand business because of its small size, now hopes to use that distinction to its advantage.

An effort by state and local officials to expand the state’s foreign trade zone could effectively turn all of the Ocean State into one, a potentially attractive advantage for companies that want to lower their duties on imports and exports, or have more flexibility in how they pay them.

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Filed Under: Quonset

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