Search Results for keywords:"ASF sunset provision"

Found 2 results

Search Results: keywords:"ASF sunset provision"

💰 Only
Oldest Newest
  • 2024-28157 — Reorganization of Foreign-Trade Zone 123 Under Alternative Site Framework; Denver, Colorado
    Type:Notice
    Citation:89 FR 95174
    Reading Time:about 2 minutes

    The Foreign-Trade Zones Board has approved an application to reorganize Foreign-Trade Zone 123 in Denver, Colorado, under the alternative site framework. This decision allows the World Trade Center Denver to manage a service area that includes several counties and categorize certain existing sites as magnet or usage-driven. The approval includes conditions such as a 2,000-acre activation limit and specific sunset provisions requiring sites to be activated or have foreign-status merchandise admitted within a set number of years. This ensures that the sites will indeed be used for foreign-trade purposes.

    Simple Explanation

    The government decided to rearrange how a special trade area in Denver works so it can handle goods from other countries better, giving specific areas special jobs and setting rules to make sure they'll be used for this purpose.

  • 2025-01132 — Establishment of a Foreign-Trade Zone Under the Alternative Site Framework in Clallam County, Washington
    Type:Notice
    Citation:90 FR 5812
    Reading Time:about 2 minutes

    The Foreign-Trade Zones Board has approved the creation of a foreign-trade zone in Clallam County, Washington. This approval allows the Port of Port Angeles to establish Foreign-Trade Zone No. 303 as part of an "Alternative Site Framework," which provides certain trade benefits. The decision includes specific conditions such as a 2,000-acre activation limit and a requirement that one of the proposed sites must be activated within five years. This move aims to boost foreign commerce and was finalized on January 10, 2025.

    Simple Explanation

    The Foreign-Trade Zones Board has decided to let Clallam County, Washington, make a special area, called a foreign-trade zone, where trading things with other countries is easier and cheaper. They said it's okay as long as it's not too big and gets started within five years, which is like telling someone they can build a big playground if they follow certain rules.