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Streetsboro's Permco to get boost from 'Foreign Trade Zone'

By Yahoo! Finance   |   Jun 28, 2024 at 05:41 AM EST
Streetsboro's Permco to get boost from 'Foreign Trade Zone'

A Foreign Trade Zone will enhance global competitiveness for a Streetsboro company by eliminating duty charges on imported components. The zone will allow Permco to manufacture hydraulic pumps more affordably and compete globally, benefiting operations and reducing tariffs on Chinese imports.

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