FTZ Developments – Vol. I Issue. 3 – Fall 2019
In this issue: China Section 301, FDA Launches FEI Portal, Zone Status Change, more…
In this issue: China Section 301, FDA Launches FEI Portal, Zone Status Change, more…
In this issue: Electronic Reporting of Exports, Arrivals and Diversions, Training Webinars, Ace Updates, more…
In November, it will be 17 years since the inception of the CTPAT program that was instituted in the wake of the September 11th terrorist attacks. The program, which began with only seven participants, now boasts over 11,000 members in multiple industry segments. The twin mission of the program remains supply chain security AND trade facilitation.
With all of the trade news and activity that has already taken place this year, it’s hard to believe it is only June! The horizon looks just as busy with upcoming deadlines in the ongoing in-bond implementation and additional anticipated developments in ACE.
In these current times of evolving trade policies, it is important that all stakeholders fully understand the possible impact of recent trade remedy measures on FTZ operations. This article summarizes the impacts and suggested actions for FTZ users, especially FTZ manufacturers.
The GSP program that provides duty free treatment for imported goods from certain countries will expire on midnight December 31, 2017 unless reauthorized by Congress before the deadline.
Over the course of modern history, many economic realities have incentivized companies to manufacture abroad instead of within the United States. Luckily, for decades forieign trade zones have played a critical role in helping US-based manufacturers comete against foreign-based production.
On September 28th, the highly anticipated updated in-bond regulations were published in the Federal Register as a Final Rule set to take effect on November 27th, followed by a 90-day flexible enforcement period.
One of the major benefits of the Foreign-Trade Zones (“FTZ”) program is the ability to eliminate U.S. duty payments on foreign goods that are admitted to the FTZ and subsequently exported in- bond. But can the benefit be even greater if the goods are exported to Canada?