Reviews FTZ applications, designates site licenses, and provides information/education concerning how special customs procedures allowing domestic activity involving foreign items may be used in FTZ. FTZ can offset customs advantages available to overseas producers who compete with domestic producers. Helps facilitate and expedite international trade and exports, attract offshore activity and the retention of domestic activity, and create employment opportunities.

Click here for more information: http://www.trade.gov/ftz

Siemens Invests in U.S. Wind Power

Siemens, the third largest wind manufacturer in the U.S. and a leader in off-shore wind turbine production, announced in August 2006 its purchase of a wind turbine blade manufacturing site in Fort Madison, Iowa - the company’s first wind turbine production facility in the United States.