#NAFTZAC17 is in the books, and what a great conference it was. The National Association of Foreign-Trade Zones (NAFTZ) hosted its 2017 Annual Conference at the Westin in San Diego, CA. FTZ community members from all over the country traveled to attend. As the collective voice of the Foreign-Trade Zones program, NAFTZ strives to offer the best in networking events and educational offerings. They delivered, and with great success. From valuable information sessions to acrobatic entertainment at the ‘Main Event’, it was a perfect blend of throwing fun in with the education.
The trade community is currently in an unprecedented situation. Politically, a new and radical administration has upended years of trade progress with NAFTA renegotiation, walking away from other trade agreements and implementing requirements on revising regulations that prove to be challenging in any industry. The conference program was well planned to combine the hottest topics and excellent presenters to share information on all topics related to FTZ.
Some of the standout topics, with a couple key highlights are brought to you by your friends at Indigo Trade Solutions:
- New in-bond regulations becoming effective November 27, 2017
- Update statistics: CBP is processing 30 million in-bond transactions annually
- CBP is working well with the FTZ Community and is understanding of some companies needing time to adjust to paperless
- New requirement for 6-digit HTS on the IT-61 (in-transit)
- They will publish FAQ’s and enhanced timelines in early November
- Customs updates on ACE transition – Statement Deployment to occur December 9, 2017
- There are many transitions going on within the system also, but CBP continues commitment to fully implementing a user-friendly, paperless system
- Canned reports with prefixes of AM and ESM are going away but a new ‘universe’ has been installed in anticipation of that
- CFR 19 – Part 146 (Foreign-Trade Zones) Rewrite
- The layered manner in which regulations are written currently reads much like SOP’s
- CBP will be working with (Commercial Customs Operations Advisory Committee) COAC to develop a working group for the rewrite
- Streamlined, simplified content will be sought in this rewrite
- Strict, non-disclosure agreements will be required and enforced
If any of these topics sound Greek to you, you may not be in a Foreign-Trade Zone. If they sound familiar but you need more information, just reach out to Indigo Trade Solutions.