February 21, 2012

FTZ Board Update - New regulations coming soon

PLEASE SHARE THIS UPDATE WITH YOUR FTZ OPERATORS, USERS AND OTHERS WHO MAY BE INTERESTED IN THE FTZ PROGRAM.

The White House and the International Trade Administration (ITA) have issued press releases announcing new FTZ Board regulations.

Here is the link to the White House press release (FTZs are the subject of the fourth paragraph following the heading "Today the President will announce"):

http://www.whitehouse.gov/the-press-office/2012/02/17/president-obama-takes-actions-promote-american-manufacturing-and-increas

Here is the link to ITA's press release:

http://www.trade.gov/press/press-releases/2012/foreign-trade-zone-regulation-revision-promotes-flexibility-and-transparency-021712.asp

Finally, here is the link to a fact sheet also issued by ITA:

http://trade.gov/press/press-releases/2012/fact-sheet-new-foreign-trade-zones-regulations-021712.asp

We will send out a further update and present full information on the contents of the new regulations when they are published in the Federal Register (currently projected for next week).

Andrew McGilvray
Executive Secretary and Staff Director
U.S. Foreign-Trade Zones Board
(202) 482-2862
www.trade.gov/ftz