Search Results for agency_names:"Foreign-Trade Zones Board"

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Search Results: agency_names:"Foreign-Trade Zones Board"

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  • 2025-02969 — Foreign-Trade Zone (FTZ) 25, Notification of Proposed Production Activity; Philip Stein Holding, Inc.; (Watches); Pembroke Park, Florida
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    Type:Notice
    Citation:90 FR 10473
    Reading Time:about 2 minutes

    Broward County, as the grantee of Foreign-Trade Zone (FTZ) 25 in Florida, has submitted a notification to the FTZ Board for a proposed production activity by Philip Stein Holding, Inc. This activity would take place within FTZ 25 in Pembroke Park, Florida, and involves assembling various types of men's and ladies' stainless steel watches, along with imitation jewelry bracelets. The production relies on foreign materials, such as watch components and different types of bands, which might be subject to specific trade regulations and tariffs. Public comments on this proposal are invited until April 7, 2025, with the information made available for public viewing through the FTZ Board's online system.

    Simple Explanation

    Imagine a company in Florida that wants to make watches out of parts that come from other countries. They told a special group that helps with trade to check if it’s okay, and now they're asking people to say what they think about it.

  • 2021-01794 — Foreign-Trade Zone (FTZ) 114-Peoria, Illinois; Notification of Proposed Production Activity; Rivian Automotive, LLC (Electric Vehicles and Components); Normal, Illinois
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    Type:Notice
    Citation:86 FR 7249
    Reading Time:about 25 minutes

    Rivian Automotive, LLC has submitted a proposal to the Foreign-Trade Zones (FTZ) Board requesting permission to engage in production activities at its facility in Normal, Illinois. The company plans to produce electric vehicles and related components while taking advantage of customs duty exemptions for foreign materials used in exports. By utilizing FTZ procedures, Rivian can choose favorable duty rates for certain components used in domestic sales and avoid duties on waste materials. Public comments on this proposal are welcomed until March 8, 2021.

    Simple Explanation

    Rivian wants to make electric cars in Illinois and is asking for special permission to pay less money on some parts they bring in from other countries. They're also asking people what they think about this plan until March 8, 2021.