Breaking Ground: The Inaugural Asia-Pacific OZ Industrial Park is Coming to the US!
Token Communities Enters the Industrial Park Real Estate Market in Texas
HOUSTON, TEXAS / ACCESSWIRE / December 10, 2024 / ASC Global Inc. as a wholly-owned subsidiary of Token Communities (OTC PINK:TKCM) has executed a Letter of Intent on December 6th, 2024 to acquire 749 acres of development site for the very first Asia-Pacific OZ Industrial Park in Texas and the U.S.
As the U.S. has been strengthening up on increasing the importing tariff of products coming in to the U.S. market from China, Thailand, Malaysia, Vietnam and Cambodia, many manufacturers in Asia have started to set up production facilities in the U.S. to avoid the expensive import tax and special tariff. The trade deficit between China and the U.S. is over 235 billion dollars as of 2023, and the trade deficit with ASEAN countries has exceeded 200 billion dollars, said Olivia Wen, a partner of Morgan Capital and spokesperson for this Asia-Pacific OZ Industrial Park project.
Impact on Individuals:
With the establishment of the Asia-Pacific OZ Industrial Park in Texas, individuals in the U.S. may benefit from increased job opportunities and economic growth. The influx of manufacturers from Asia setting up production facilities in the U.S. could lead to more employment opportunities for local residents and a boost to the local economy. Additionally, consumers may see a more diverse range of products becoming available as a result of the increased manufacturing presence in the country.
Impact on the World:
The creation of the Asia-Pacific OZ Industrial Park in the U.S. signifies a shift in the global manufacturing landscape. With manufacturers from Asia choosing to set up production facilities in the U.S. to avoid import taxes, this move could potentially have ripple effects on trade relations between countries. The project could lead to a rebalancing of trade deficits and a reconfiguration of supply chains as more companies consider moving production to the U.S. to stay competitive in the global market.
Conclusion:
The announcement of the Asia-Pacific OZ Industrial Park in Texas marks a significant development in the real estate and manufacturing sectors. With the potential for increased job opportunities, economic growth, and a reshaping of global trade dynamics, the project has the potential to have a lasting impact on both individuals and the world at large. As manufacturing continues to evolve and adapt to changing economic landscapes, initiatives like the Asia-Pacific OZ Industrial Park are a testament to the continuing evolution of the industry.
