Barcelona’s El Consorci Free Trade Zone and El Paso International Airport’s Foreign Trade Zone No. 68 of the City of El Paso, Texas sign an agreement in partnership and promotion in business issues and logistics
El Paso (Texas, USA) May 15, 2014 - The Consortium of the Free Trade Zone of Barcelona, Spain (El CONSORCI) and El Paso International Airport’s Foreign Trade Zone No. 68 (FTZ No. 68) have signed a Memorandum of Understanding, under which both parties agree to promote each other’s free trade zones in their areas of mutual influence. Also addressed is the promise and understanding to exchange experiences in international logistics and to share working knowledge with industry contained in each other’s respective free trade zones.
The agreement between these zones in Barcelona and El Paso was formalized during the May 13, 2014 City Council meeting and was signed by El CONSORCI’s Special State Delegate and CEO, Mr. Jordi Cornet, and Mayor Oscar Leeser.
During a two day, jam-packed itinerary to El Paso, Mr. Cornet, Mr. Jose Luis Rodriguez, and El CONSORCI’s Director of Communication, Ms. Montse Novell toured El Paso’s Foreign Trade Zone, the Ysleta Port of Entry, and met with several officials from Ciudad Juarez and El Paso to discuss their commonalities and future shared goals. The highlight of the trip was the official signing of a Memorandum of Understanding. “This alliance should be viewed as a long-term development partnership that will spur business opportunities within our respective regions,” noted Mr. José Quiñonez, El Paso’s Foreign Trade Zone No. 68 Manager.
The El Paso and Ciudad Juarez area has a population of over 2.5 million and is one of the leading manufacturing and logistics development areas of North America.
El Paso’s FTZ No. 68 is one of the five largest foreign trade zones in the United States in terms of volume; in 2013 FTZ No. managed volume worth more than 10.2 billion dollars. In total, the Port of El Paso handled a trade volume of over 67 billion dollars in 2013, according to the U.S. Federal Reserve Bank.
The Consortium of the Free Trade Zone of Barcelona, El CONSORCI, manages industrial real estate and its customs free zone - a major logistics business area. Barcelona and El Paso share very many similarities in terms of developing industrial, educational, biomedical research, and trade opportunities. This Alliance links two regions of the world in their shared vision to become more dynamic and globally competitive.
For additional information visit: www.flyelpaso.com or call 915-780-4781.