In a three-page article released this month in American British Trade & Investment, NAFTZ President Dan Griswold touted the benefits of Foreign-Trade Zones, citing their ability to facilitate Foreign Direct Investment between the UK and the United States. A publication of BritishAmerican Business, a membership organization designed to facilitate transatlantic business relationships, the 2014 edition of American British Trade and Investment was published in cooperation with SelectUSA and the U.S. Commercial Service. … Read More
On Monday, October 28th, the NAFTZ and the House Manufacturing Caucus hosted a Congressional Briefing titled “Foreign-Trade Zones Explained” on Capitol Hill in Washington, DC. The event, which drew a crowd of more than 40 Congressional staff members, featured presentations by NAFTZ President Dan Griswold, NAFTZ Chairwoman Jan Frantz of BC/CAL/KAL Inland Port Development, and Cornelia Steinert of Canon Virginia. In addition to giving a basic introduction to the FTZ … Read More
On October 25, the Port of Seattle published a case study on Foreign-Trade Zones featuring well-known apparel maker Helly Hansen. The case study details the process of obtaining and utilizing Foreign-Trade Zone status from beginning to end, starting with the company’s initial site selection considerations and culminating with their current savings strategies as a Zone user. This is an excellent case study for companies exploring FTZ status, or for Grantees seeking to market the program to potential … Read More
In a Wall Street Journal article published today, it was reported that home-appliance manufacturer Whirlpool Corporation plans to return some of its washing-machine production to the United States. The production activity currently takes place in Monterrey, Mexico, where wages are substantially lower, but will be relocated to a Whirlpool plant in Clyde, Ohio. While the article mentions productivity gains and savings on transportation and energy costs as potential justifications for … Read More
On November 21, 2013, the NAFTZ hosted a Webinar on Public Utility and Uniform Treatment. The webinar featured FTZ Board Executive Secretary Andrew McGilvray, as well as David Ostheimer of Lamb & Lerch. The webinar can be viewed and downloaded here, free of charge.