Foreign-sourced materials account for some 30 percent of finished product value. Zone procedures would exempt IPR from Customs duty payments on foreign materials used in production for export. The duty rates on foreign-sourced items range from 6.9 percent to 13.5 percent. The application indicates that the savings from zone procedures will help improve the plants' international competitiveness. In accordance with the Board's regulations, a member of the FTZ Staff has been designated examiner to investigate the application and report to the Board.
Public comment is invited from interested parties.
John J. Da Ponte, Jr., Executive Secretary.