OTEXA Sets Up Web Page Informing on Qualifying Industrial Zones
The International Trade Administration's Office of Textiles and Apparel posted a new web page detailing information about the Qualifying Industrial Zones authorized by Congress in 1996. QIZs allow Egypt and Jordan to export products to the U.S. duty-free, as long…
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as the products contain inputs from Israel. In order for QIZ products to be eligible for duty-free entry, the article must be a new and different article of commerce that has been grown, produced or manufactured in the zone, and at least 35 percent of the appraised value of a product at the time it enters into the U.S. must consist of the cost or value of materials produced and direct cost of producing operations performed in the QIZ. U.S. tariffs on textile and apparel goods are generally relatively high, which makes production of these goods in QIZs especially attractive, OTEXA said. The web page is here.