Customs Free Zone of the Port of Taranto: The Regulations governing its functions and operations is now in force

PORT OF TARANTO, 16 FEBRUARY 2021 – These days, the process underlying the enhancement of the port of Taranto and the creation of a business environment capable of attracting and facilitating the localization of national and international investors marks another important step: with the issue of the Presidential Ordinance of the Port Network Authority of the Ionian Sea (PNAIS), the Regulations for the functioning of the Customs Free Zone of the Port of Taranto is now in force.The Customs Free Zone (CFZ) was established by law n. 160 of 27th December 2019 and its perimeter was defined by Presidential Decree of 13th March 2020 of the PNAIS, then approved by Directorial Determination no. 128586/RU of 28th April 2020 of The Customs and Monopolies Agency.

The Regulations – that is the result of a close cooperation between the PNAIS and the Customs Agency - defines the governance of the Customs Free Zone (CFZ) of the port of Taranto and regulates the activities borne by the economic operators. The perimeter of the CFZ concerns 11 lots, equal to a total area of 162.89 hectares included in the maritime state-owned district of the Port of Taranto, under the jurisdiction of the PNAIS as Managing Authority of the Zone. The delimitation of the areas will consist in the construction of a special fence and in the identification of entry and exit gates subject to customs supervision, according to criteria and methods defined in agreement with the Customs Agency, also in connection with the wider digitalization process launched in the port. Therefore, within the areas covered by the CFZ - in which both EU and non-EU goods can be introduced - it will be possible to carry out industrial and logistics activities, in accordance with the relevant EU legislation. The facilitation of long-term storage regime, usual handling and other activities related to goods in the port domain - and therefore close to the arrival / departure gates, to and from the economic production and / or consumption areas – will allow the commodities to acquire the added value that make them more attractive and competitive on the market.

"With the entry into force of the Regulations for the functioning of the Customs Free Zone - explains the President of the PNAIS, Sergio Prete - the operational stage of a tool of great strategic value is now available for those operators wishing to settle their business in the port of Taranto or to use port and back-port areas to implement productive, commercial or service activities, being able to enjoy commercial, financial and logistical-operational exclusive benefits. The CFZ of the port of Taranto, strongly supported by the Presidency of the Council of Ministers, the Puglia Region and the Municipality of Taranto, represents a further attraction for the port and the back-port domain and will certainly contribute to the growth of both the new container terminal and other port companies”.

“With the operational start-up of the Customs Free Zone - explains Marcello Minenna, Director General of the Customs Agency – great growth perspectives are now opened for those companies which, through the possibility of storing, manipulating and transforming goods free of customs duties, will be able to develop further economic, production and logistics activities by exploiting the benefits of the CFD. This goal is the result of the fruitful institutional synergy between the Customs Agency and the PNAIS which sees the two administrations also collaborate in other initiatives, as outlined in the Memorandum of Understanding signed in October 2020”.