Prologis, one of the world’s largest industrial property owners, is seeking to create a 320,000 square foot FTZ magnet hub in the Beacon Lakes Industrial Park in Miami.

If the application is approved, the magnet site would function within a larger FTZ operated by PortMiami. The proposed Site 31 for Prologis is adjacent to the Miami Customs and Border Protection port of entry.

Eric K. Olafson, the FTZ 281 manager at PortMiami, remarked on the major economic opportunity for Miami as a distribution point for North American, Latin American, and Caribbean markets.

According to Olafson, “Miami-Dade has 280 million square feet of warehouse space, and the market is still growing. The more warehouses built here, the more merchandise will be coming."

Read the whole story at Miami Today.

The Shanghai foreign-trade zone (FTZ), which opened in Sept. 2013, is set for a new policy in the next State Council meeting. According to Southern Weekly, the updated policy will expand opportunities for the financial sector.

The deputy director of the Shanghai FTZ administration, Sun Jiwei, said that the new draft rules will ease restrictions on overseas investments of individual investors and allow free convertibility of capital accounts.

At its opening, the Shanghai FTZ was the first one in the country to be used as a pilot area for economic and trade deregulation. After an area expansion, the FTZ now covers 80% of Pudong District, which houses the financial, IT, and advanced manufacturing sectors.

For more details on the upcoming Shanghai FTZ policy, please click here.

Exporting from a zone and taking advantage of NAFTA Duty Deferral – two scenarios that can become complicated for even the most senior zone operator.
US Foreign-Trade Zone (FTZ) exporters need to remember that in addition to CBP export regulations and FTZ operating procedures, they must also adhere to all Federal Government export laws and regulations that apply to the exporting of merchandise from United States, including submission of the export data to the Automated Export System (AES). What export controls and documentation do you need to have in place in your zone operations? Beyond exporting, there is also NAFTA Duty Deferral - another complex FTZ scenario. What do you need to know about the regulations, what are your options, and what is impact? It is also important to know what needs to be filed as the entry and what needs to be filed as the claim.
On Wednesday, October 15, 2014 at 2:00 p.m. EDT, Integration Point and Rockefeller Group Foreign Trade Zone Services will present a 60-minute webcast on these FTZ scenarios involving NAFTA qualifications and exporting for zones. During this webcast, Rebecca Williams, Managing Director of Rockefeller Group’s FTZ Services will go over how to file the entry once you have identified qualifying goods within your zone as well as walk through examples of how goods, once admitted to an FTZ and then exported, would be reported.
You are invited to join us for this free, educational webcast, where attendees will learn:

  • What are the export reporting requirements?
  • What are the NAFTA duty deferral regulations?
  • When do the regulations apply?
  • What are the options for complying?
  • What are the business and operational impacts?

Register now for this educational webcast on FTZ Exporting and NAFTA Duty Deferral Scenarios