Foreign-Trade Zone Application Under Review
The International Trade Administration is accepting comments through Dec. 4 on the application by which individual firms or organizations apply for foreign-trade zone status, subzone status, production authority, modifications of existing zones, or waivers.
Applications for new or modified zones must contain information on facilities, financing, operational plans, proposed production operations, need for FTZ authority, and economic impact, where applicable. Any request involving production authority requires specific information on the foreign status components and finished products involved. Applications for production activity can involve issues related to domestic industry and trade policy impact and must include specific information on the tariff-related savings that result from zone procedures and the economic consequences of permitting such savings.