Vancouver Island to benefit from new trade deal
NANAIMO — Local business owners and investors hope they’ve found a new way to attract foreign investment to Vancouver Island.
The island now has Foreign Trade Zone Status, which is designed to decrease trade barriers preventing goods from being imported into the area. The new designation was arranged between the federal government and the Vancouver Island Economic Alliance.
Alliance president George Hansen said there will now be a task force, made up of departments from all three levels of government, to streamline investment into the area.
The streamlined investment will hopefully attract people to fill available gaps in capacity, such as room for business at the Nanaimo airport and deep sea ports.