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.