Tuesday, April 14, 2015

Gildan's Foreign Trade Zone Application Denied Following Domestic Fiber Industry Opposition

On April 14, 2015, the Foreign Trade Zone Board published in the Federal Register (80 FR 19958) denial an application from Gildan Yarns LLC, to use foreign trade zone procedures in the production of cotton and cotton/polyester yarn for export. Production under FTZ procedures could exempt Gildan from customs duty payments on the foreign status material used in export production. The sole foreign-origin material to be used in the export production is polyester staple fiber (duty rate: 4.3%). The application was opposed by the American Fiber Manufacturers Association. ...READ MORE.

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