Vancouver Island Designated as Foreign Trade Zone


Championed by the Vancouver Island Economic Alliance (VIEA), Vancouver Island has received an official designation as a Foreign Trade Zone (FTZ) from the Government of Canada.

“The Vancouver Island Foreign Trade Zone highlights British Columbia’s export potential and supports the best interests of the Island’s industries and community.”
— The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development

Read the full News Release from Western Economic Diversification Canada

This designation is crucial to the growth of the Vancouver Island economy, will increase global competitiveness, production volumes and distribution of Island-made products.

“Vancouver Island is strategically positioned for export trade with Asia and the Americas. The Island has a significant inventory of under-utilized industrial land supported by transportation infrastructure with plenty of capacity to handle increased export volumes and attract investment.”
— George Hanson, President & CEO, Vancouver Island Economic Alliance