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Issues
affecting the preparation of a Foreign-Trade Zone Subzone application
When
processing a Foreign-Trade Zone Subzone application the Foreign-Trade
Zones Board will consider a number of issues during its review.
Some of the issues that could significantly affect the application's
processing time, and even its' success, are as follows:
- The
application's compliance with the regulations;
- The
presentation of trade issues;
- Does
the application prove that Subzone status will provide a significant
public benefit;
- Are
the proposed Subzone benefits consistent with public policy;
- Does
the application show that Subzone status will not encourage
additional imports?
Lack
of knowledge of these types of issues, as well as lack of experience
working with the Foreign-Trade Zones Board, could cause an adverse
outcome for a company’s Subzone application. Applications
have been subjected to costly restrictions, delays, and have even
been denied due to inexperience or poor judgment during the writing
of the application.
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