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Foreign Trade Zone in Boise?

UPDATE - From :

A key argument of Corsi's book, "America for Sale: Fighting the New World Order, Surviving a Global Depression, and Preserving USA Sovereignty," is that China will not long continue to subsidize the Obama administration's trillion-dollar annual federal budget deficits without demanding U.S. assets in return.

"This ambitious, long-term proposal would start with a manufacturing and warehouse zone tied to the airport, and could signify a shift in the economic relationship between the two superpowers," the Idaho Statesman's Rocky Barker reported.

Other Chinese companies are already active in Idaho, according to Barker.

  • Hoku Materials Inc., a subsidiary of a Chinese energy firm, has 500 people building a $400 million plant to make polysilicon for solar panels, in Pocatello, Idaho; Hoku expects to begin production this year, employing 250 people;
  • Simomach, China's third-largest contractor with more than $14 billion in sales last year, told Southeast Idaho Energy, which is planning to build a $2 billion fertilizer plant in Power County, it wants the contract for engineering, procurement and construction in the fertilizer plant; Southeast Idaho Energy plans to turn goal into gas to produce nitrogen fertilizer and sulfur, hiring 700 to 1,000 people during construction, with 150 permanent workers.

Simomach has sweetened the deal by offering to finance the development of the fertilizer plant with Chinese-government provided funds.

"Simomach officials met with Boise city and airport officials – including Mayor Dave Bieter – to discuss developing a first phase for the technology zone that would set up a base of operations for Chinese companies doing business in the United States," Barker reported.

Simomach has sent delegations to Ohio, Michigan and Pennsylvania to talk about setting up research and development bases and industrial parks.

Read the whole story at the link above.


Much of the following information was . I have , but have since learned a bit more. Basically, it boils down to 30,000 acres of Idaho land being set aside for China as a Foreign Trade Zone (or Special Economic Zone). Workers would come from China to live and work in this tax-free zone as a way to buy their citizenship. Anything produced there would be considered an "export" to the U.S.  This would be one of almost 260 such zones already in the country.

 

State and Federal law still applies in the zone but law enforcement enters through invitation only.  There are Border Patrol and Customs agents that regulate the comings and goings.  Any workers that come here would likely live, eat, and purchase inside the zone, which would provide very little, if any, increase to the local economy. There is no obligation to hire any Americans to work inside the zone, so it would not make any dent in the unemployment rate of the area.

Foreign Trade Zones for quite a while. Initially, it seems they were thought up as a way for local companies to bring in less expensive workers from outside the country, pay less for importing goods duty-free, and then "export" a finished product without having to ship it from over seas.  However, over the years, the concept of an FTZ has changed.

If there is no direct economic benefit from the people that move here, no benefit to the unemployed who already live here, and Idaho is granting 30,000 acres to a foreign country out of the goodness of their political hearts... who is this a win for? Who's pockets are getting lined from this deal? One email I have read suggests that it is a kickback to China since the U.S. is so indebted to them. I have some more reading to do on the subject, but so far the whole deal seems fishy to me.

FOREIGN TRADE ZONES —

Any business that wants to export goods can apply for a “Foreign Trade Zone” status thru the U.S. Department of Commerce. Once a FTZ, they fall under federal management and the Customs and Border Patrol secure the premises.  State and local laws still apply in the FTZ but local law enforcement must be called by the CBP to enter the zone.  The local officials can request entry but it’s a jurisdictional issue depending upon the reason for the request.  The U.S. Customs randomly inspect the imports and exports of goods. Foreign companies can also move into these zones and hire workers that have foreign visas.

There is a big push to get American businesses to export their goods. Then they will want “foreign trade zone” status.   Not that we really manufacture much anymore because we exported entire industries, but the idea of turning a country’s economy into be exporting nation is the same kind structural adjustment program that was imposed on countries in South and Central America, the Caribbean and perhaps other countries as well.  It provides caviar for a few and starves the many.

Link to Foreign Trade Zone Regulations – it’s not light reading but it’s important info

Obama’s Executive Order — National Export Initiative

In June of 2010 Idaho Gov. Butch Otter and a delegation including local businesses went on a trade mission to China. The businesses were looking for Chinese that would purchase their goods that could be imported into China, while Gov. Otter invited the Communist Chinese to bring their money and move to Idaho to invest in our economy thru the EB-5 visas.

Coeur d’Alene Idaho Chamber of Commerce Trip to ChinaIdaho an attractive site for investors looking for better place for families.

EB-5 Visa —– “Invest your way into America”Idaho Gov. Otter quote:“The value of U.S. residency, and being put on the fast track to citizenship, is an incredible tool to help us attract foreign investment in our Idaho businesses"

The investments would be thru the EB-5 foreign investor visas, with $1,000.000 investment going to start a new business and create 10 jobs or with $500.000 they could buy a distressed business and create 10 jobs or invest $500,000 into an EB-5 Regional Center which is made-up of private businesses. The investor is given a green card and in 5 years can get U.S. citizenship. The 10 new jobs created do not have to go to Americans.

The EB-5 Regional Centers are all over the U.S. If the investor chooses to invest in a center they can move and live anywhere they want. Many Communist Chinese are choosing the centers because they do not have to manage a business and can still get U.S. citizenship.



story | by Dr. Radut