What We Do
FTZVI is committed to aggressive marketing of Vancouver Island to attract international trade activity and to expand production of goods for export.
FTZVI provides streamlined access to government programs to help export companies increase profitability through tax/duty deferral opportunities and improve prospects for foreign trade.
Substantial stakeholder partnerships with industry and transportation, a VIEA appointed Board of Advisors leads FTZVI as the ‘go-to’ resource to promote and facilitate international trade on Vancouver Island.
FTZ – Globally Recognized
FTZ designation for Vancouver Island is a significant marketing advantage. While Foreign Trade Zone is not commonly understood in our part of the world, elsewhere, the FTZ acronym is instantly recognized by anyone substantially engaged in global trade.
Investors seeking to establish their presence in North America, those looking for manufacturing, assembly, warehousing, and distribution opportunities in the Americas, and Canadian trading partners searching for products for their markets are increasingly aware of opportunities on Vancouver Island because FTZVI is recognized in these trade communities in a way that the name ’Vancouver Island’ never would.
Foreign Direct Investment
FTZ Point designation enables aggressive marketing of the Island region to attract international trade activity and expansion of Vancouver Island production of goods for export. FTZVI will also be able to provide streamlined access to government programs to improve trade.
Build understanding of FDI opportunities and assist public/private stakeholders to qualify and quantify their offerings for inclusion in business case development and site selection responsiveness. VIEA will work with transportation providers and goods producers to identify cost-effective value chain opportunities and help increase production with existing companies while foreign direct investment efforts are employed to increase appetite internationally.
Advanced manufacturing in aerospace, medical devices, biotech, transportation, and marine/environmental sciences, value added wood manufacturing, finfish and shellfish aquaculture, and technology-intense specialty agri-food production—these and other opportunities are ripe for foreign investor attention. FDI marketing will raise international awareness of these and other opportunities on Vancouver Island.
Coordinate efforts with public and private stakeholders to engage interest amongst prospective foreign investors regarding available commercial/industrial lands. vailable lands that meet specific location requirements will be linked with business cases developed by VIEA. The objective will be to increase investor demand and optimize usage of our considerable inventory of available land and encourage infrastructure improvement.
VIEA’s analysis of direct export potential for several industry sectors seems to indicate that opportunities are largely contingent on ability to increase predictable production volumes. In many instances, producers are navigating complex, costly and time consuming transportation sequences that can be improved with industry clustering and increased production volumes. VIEA will work with stakeholders to identify new markets, industry partners, and foreign investors to justify and facilitate production volumes sufficient to meet domestic demand and warrant direct export.
Aligned with Canada’s Global Marketing Action Plan, VIEA will introduce specific investment opportunities with prospective foreign investors focused on sectors with high potential for domestic and export development. Examples exist in the advanced manufacturing sector of European companies using Vancouver Island as their center of excellence for engineering and manufacturing in North America because of the access to skilled labour. Examples, however, are too few because we have lacked the coordinated ability to seize these opportunities. VIEA has developed three business cases for new value added wood manufacturing which are now available to the investment community. VIEA will develop additional business cases in other sectors so as to have specific, detailed opportunities to present to prospective investors.
Foreign Direct Investment
See our portfolio of business cases for Vancouver Island investment opportunities
Duty & Tax Relief Programs
FTZVI is available to assist with any questions you may have