Round Rock Chamber Executives White, Yeats Serving on Foreign Trade Zone Board of Directors
ROUND ROCK, Texas – Two executives from the Round Rock Chamber of Commerce & Economic Development Partnership, Ben White and Carrie Yeats, have been selected to serve on the Board of Directors of the Foreign Trade Zone of Central Texas (FTZ 183).
FTZs promote the global competitiveness of U.S.-based businesses, facilitate trade, and encourage manufacturing and logistics. FTZ operations involve operations combining foreign inputs with significant domestic inputs. Within FTZs, companies are able to manufacture, assemble, test, sample, process, and repackage. Companies can also utilize FTZs for warehousing, inspection, labeling, salvaging, and distribution. Texas leads the nation with 31 FTZs.
As representatives of Round Rock and the Round Rock Chamber, White and Yeats are committed to sound governance of the FTZ and to ensuring Round Rock businesses are aware of how the FTZ may benefit their operations. Benefits to companies using FTZs may include relief from inverted tariffs, duty exemption on re-exports, and duty deferral, among others. The Round Rock Chamber also assists exporters by administering Certificate of Origin Seals for exporting.
The Round Rock Chamber of Commerce & Economic Development Partnership is one of the largest and most active business organizations in Central Texas. Information about the organization is available at www.RoundRockChamber.org. Information about doing business in Round Rock can be found at www.RoundRockTex.com.