Toyota Material Handling, Inc. sought approval to carry out production activities at its facility in Columbus, Indiana, which is part of Foreign-Trade Zone (FTZ) 72. They submitted this request to the FTZ Board on August 20, 2024. The Board processed the request and invited public comments, as noted in the Federal Register. By December 19, 2024, the FTZ Board concluded no further review was needed and authorized the requested production activities, following the relevant regulations.
Simple Explanation
Toyota Material Handling in Indiana got permission to make more forklifts and other vehicles in a special trade area, which helps them work more easily with fewer taxes. The approvals were given after checking the rules and allowing people to share their thoughts about the plan.