The Foreign-Trade Zones Board (FTZ Board), on December 30, 2010, issued a proposed rule in the Federal Register to amend the substantive and procedural rules for the authorization of Foreign-Trade Zones (FTZs) and the regulation of zone activity. These proposed changes would result in a major revision to the current regulations. Comments to the FTZ Board on the proposal are due April 8, 2011.

The revisions encompass changes related to manufacturing and value-added activities, as well as new rules designed to address compliance with the Foreign-Trade Zones Act’s (FTZ Act) requirement for a grantee to provide uniform treatment for the users of a zone.

Source: Customs & Trade Alert
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