While the trade community was knee deep in its work last year of implementing trade modernization through the transition to ACE, CBP also took the opportunity to “modernize” its guidelines on physical security at CBP bonded facilities.
The U.S. Food and Drug Administration’s (“FDA”) Weekly Entry Filing (“WEF”) procedure for Foreign Trade Zones (“FTZs”) was instituted in the mid-1990s to provide a vehicle to “expedite entry of repetitive shipments of ‘low risk’ merchandise from FTZs in the United States.”
Most companies currently using or considering using the FTZ program are keenly aware of weekly entry and how it can improve import operations. Self-enacting federal legislation was passed in 2000 that significantly expanded the logistics and administrative benefits of FTZs to distributors…