FTZB Issues Annual Report for 2011

The Foreign Trade Zones Board issued its annual report for 2011. According to the report, the FTZB approved three new FTZs In 2011, as well as the reorganization of 38 existing zones under the alternative site framework. FTZB also approved nine applications for new or expanded manufacturing authority, it said. The value of inputs rose in 2011, and the proportion of domestic inputs used by FTZs continued to fall. Meanwhile, export shipments also increased sharply. Oil and petroleum accounted for about 84 percent of all foreign inputs for manufacturing and production FTZ operators, and about 49 percent of all foreign inputs for warehouse and distribution FTZ operators. See the report for statistics on FTZs in 2011, as well as FTZ activity by state.