Press Releases

Owens Pushes Trade Board to Reverse New Regulation on Manufacturers

Congress urges Administration officials to act on behalf of job creators

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Washington, Jan 9, 2012 | Sean Magers (202-225-4611) | comments
WASHINGTON – Congressman Bill Owens has joined Rep. Kevin Brady (R-TX) in urging the Foreign Trade Zone (FTZ) Board to reconsider a proposed regulation that would disadvantage local manufacturers located in FTZs. The proposed rule would require manufacturers to wade through an onerous pre-application process before admitting imported goods. Owens sent the letter after being contacted by the Empire State Development Corporation.
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Congressman Bill Owens has joined Rep. Kevin Brady (R-TX) in urging the Foreign Trade Zone (FTZ) Board to reconsider a proposed regulation that would disadvantage local manufacturers located in FTZs. The proposed rule would require manufacturers to wade through an onerous pre-application process before admitting imported goods.  Owens sent the letter after being contacted by the Empire State Development Corporation.

“This new requirement would disrupt assembly lines, stifle export opportunities and hinder job creation for New York manufacturers,” said Owens. “I have worked for decades with foreign trade zones located near the border we share with Canada, and I can say with certainty that this would negatively impact American businesses and workers.”

Under current law, U.S. manufacturers located in an FTZ are able to admit imported goods, manufacture them with American labor and materials, and then export the finished products without paying customs duties. This helps U.S. manufacturers compete in the global market while ensuring that goods are never allowed to compete unfairly with similar products in the U.S. market.

There are four foreign trade zones in New York’s 23rd Congressional District, located in Clinton, Jefferson, Oneida and St. Lawrence Counties. A copy of the letter from Owens and Brady to Treasury Secretary Geithner and Commerce Secretary Bryson is attached.

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