Friday, May 15, 2015

Agathon Associates Helps Massachusetts Textile Company Obtain Designation as Foreign Trade Subzone

On May 15, 2015, the Foreign Trade Zone ("FTZ") Board published in the Federal Register (80 FR 27896) Approval of Subzone Status; Spectro Coating Corporation d/b/a Claremont Flock, LLC, Leominster, Massachusetts. Claremont is a producers of textile flock.

Pursuant to the FTZ Board regulations, the application was submitted by the grantee of the FTZ associated with the Port of Boston, the Massachusetts Port Authority. The application was drafted by Agathon Associates on behalf of client Claremont Flock LLC. In order to make use of the Subzone, Claremont must active the Subzone with U.S. Customs and Border Protection at the Port of Boston. David Trumbull, Principal, Agathon Associates, is a Licensed Customs Broker and plans to partner with the Boston-based brokerage firm of BOC International to active Claremont's Subzone.

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