The Department of Commerce, through the International Trade Administration, is seeking public comments on their proposal for updating information collection from businesses applying for foreign-trade zone (FTZ) status. These applications allow businesses to request new or modified zone statuses and assess the economic impact of these zones. The information collected helps evaluate the necessity and effectiveness of these zones, as well as the burden on the public. People have until May 30, 2025, to send their comments, which will become part of the public record.
Simple Explanation
The Department of Commerce wants to hear from people about how they collect information from companies that want special trade areas, called foreign-trade zones, which help businesses save money. They ask everyone to share their thoughts by the end of May 2025, so they can understand if the process is good or if it needs fixing.