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.
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.