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Amendment to Los Angeles Administrative Code for Exemption of Port of Los Angeles Foreign Trade Zone Agreements

  • When: 2024/11/05
  • Address: Port of Los Angeles, Los Angeles, CA
  • City: Los Angeles
  • State: CA
  • Category: Zoning Code Modification
  • Asset Class: Infrastructure
  • Property Type: Trade and Logistics

The Los Angeles City Council approved an ordinance to amend Section 10.5(a) of Article 1, Chapter 1, Division 10 of the Los Angeles Administrative Code, adding a new exemption for the Port of Los Angeles' Foreign Trade Zone (FTZ) agreements. The amendment aims to streamline and facilitate FTZ operations, enhancing trade and economic activities within the Port.

Why it Matters

This amendment supports the Port of Los Angeles' role as a major trade hub, promoting economic growth and efficiency in trade operations through enhanced Foreign Trade Zone agreements.

Source

Allowed Uses: New exemption for Foreign Trade Zone agreements under the Los Angeles Harbor Department.