FTZ’ine October 2019
October 1, 2019
FTZ’ine December 2019
December 3, 2019
Maybe We Should Talk Baseball Instead
The Washington Nationals Baseball Team surprised everyone this week with a stunning 6-2 victory over the Houston Astros in Game 7 to win the World Series. For at least 48 hours, the team changed the DC news feed to something positive. During the playoffs the Nationals went 5-0 in elimination games and were eight outs away from losing Game 7. The previous World Series games in Washington pre-dated the Foreign-Trade Zones Act of 1934! The last time Washington had a team in the World Series, the price of tickets ranged from $3.30 to $6.60 a seat, according to The Washington Post. This year’s win ended the second-longest drought in baseball history, behind only the 108-year wait for the Chicago Cubs between 1908-2016.
Um, now back to international trade. Once DC finishes sweeping up the confetti from the victory parade, impeachment talk is likely to retake center stage on Capitol Hill, which means November will probably produce as little progress on trade issues as October did. The Trump Administration does hope to sign some form of trade agreement with China, but the original meeting where the agreement was to be signed has been cancelled. Even if signed this month, the ‘Phase 1’ agreement will offer little substantial relief to the FTZ industry, based on the few details released so far. Despite the trade gridlock and bad news vibe in Washington, consumers are keeping the U.S. economy on a growth track which bodes well for FTZ retailers going into the holidays.
The FTZine staff wishes all our readers a safe and Happy Thanksgiving with friends and family.
Top Story: Economy Shakes Off Jitters, Wall Street Sets Record, FTZs Ready To Celebrate
Tech Tip
Are you admitting foreign-status merchandise from another zone in the same port? Having trouble filing an ePTT? That’s because ACE is systemically unable to process an ePTT without a foreign bill of lading.
The only way to submit an ePTT (intraport move) in ACE is to have a foreign Bill of Lading. Since a zone to zone shipment is a domestic movement, there is no foreign BOL in the system for ACE to validate the ePTT. If the zones are in different ports, you can do a QP/WP, which doesn’t require a foreign BOL.
Some ports work around this technical problem by issuing a “blanket ePTT”. This is an understanding between the transferring zones and the Port Director that goods can move from this zone to that zone, under an agreed upon bond, and with agreed upon liability terms. We have also seen this referred to as a “weekly ePTT”.
Having a means of electronically filing the ePTT is on the ACE “wish list” discussed with CBP for some time. In the meantime, some kind of agreement must be established with your Port Director if you would like to do this on a regular basis.
Rumblings on USMCA Push Call To Action
Phase I Trade Deal With China Unlikely To Impress FTZs
Brexit Claims New Coin . . . And Maybe Another British Prime Minister
FTZ Board Activity
- Panasonic Solar North America submitted a Notification of Proposed Production Activity for crystalline silicon photovoltaic solar panels/modules and cells within FTZ 23 in Buffalo, New York. MORE
- Caterpillar, Inc. submitted a Notification of Proposed Production Activity for tractors and forestry machines within FTZ 155 in Victoria, Texas. MORE
- Eastman Kodak Company submitted a Notification of Proposed Production Activity for one-time use cameras within FTZ 141 in Rochester, New York. MORE
- Teijin Carbon Fibers, Inc. received authorization of limited production activity for polyacrylonitrile-based carbon fiber within FTZ 38 in Spartanburg County, South Carolina. MORE
- Arbor Foods Inc. submitted an Application for Production Authority for blended syrup within FTZ 8 in Toledo, Ohio. MORE
- Steelite International USA, Inc. submitted a Notification of Proposed Production Activity for hospitality industry serveware within FTZ 33 in Pittsburgh, Pennsylvania. MORE
- Ricoh Electronics, Inc. submitted a Notification of Proposed Production Activity for thermal paper and film within FTZ 26 in Atlanta, Georgia. MORE
- Flemish Master Weavers submitted an application for the expansion of Subzone 186A in Waterville, Maine. MORE
- Whirlpool Corporation received authorization of limited production activity for small appliances within FTZ 100 in Dayton, Ohio. MORE
- Staal & Plast USA, Inc. received authorization of production activity for irrigation trays within FTZ 176 in Rockford, Illinois. MORE
- Vision Technologies Marine, Inc. received authorization of production activity for ocean going-vessels: compensators within FTZ 92 in Gulfport, Mississippi. MORE
- Cheniere Energy, Inc. submitted a Notification of Proposed Production Activity for liquified natural gas processing within FTZ 122 in Corpus Christi, Texas. MORE
- Kubota North America Corporation submitted a Notification of Proposed Production Activity for agricultural and specialty vehicles within FTZ 26 in Atlanta, Georgia. MORE
- Waterfront Enterprises, LLC received approval to operate its facility in New Haven, Connecticut as Subzone 162B. MORE
Maybe We Should Talk Baseball Instead
The Washington Nationals Baseball Team surprised everyone this week with a stunning 6-2 victory over the Houston Astros in Game 7 to win the World Series. For at least 48 hours, the team changed the DC news feed to something positive. During the playoffs the Nationals went 5-0 in elimination games and were eight outs away from losing Game 7. The previous World Series games in Washington pre-dated the Foreign-Trade Zones Act of 1934! The last time Washington had a team in the World Series, the price of tickets ranged from $3.30 to $6.60 a seat, according to The Washington Post. This year’s win ended the second-longest drought in baseball history, behind only the 108-year wait for the Chicago Cubs between 1908-2016.
Um, now back to international trade. Once DC finishes sweeping up the confetti from the victory parade, impeachment talk is likely to retake center stage on Capitol Hill, which means November will probably produce as little progress on trade issues as October did. The Trump Administration does hope to sign some form of trade agreement with China, but the original meeting where the agreement was to be signed has been cancelled. Even if signed this month, the ‘Phase 1’ agreement will offer little substantial relief to the FTZ industry, based on the few details released so far. Despite the trade gridlock and bad news vibe in Washington, consumers are keeping the U.S. economy on a growth track which bodes well for FTZ retailers going into the holidays.
The FTZine staff wishes all our readers a safe and Happy Thanksgiving with friends and family.