FTZ Fueled McAllen’s Development
Foreign trade zones were sparse in 1965 and those in existence back then had ocean and river connections. There was not a single land port-based foreign trade zone in the mid-1960s. It was 1965 when a group of McAllen business leaders got the idea of establishing a FTZ. These zones allow companies to bring goods onto U.S. soil without paying duty taxes and use parts to manufacture a product that…