Pursuant to its authority under the Foreign-Trade Zones Act of June 18, 1934, as amended (19 U.S.C. 81a-81u), the Foreign-Trade Zones Board (the Board) adopts the following order:
Whereas, the Foreign-Trade Zones Act provides for “* * * the establishment * * * of foreign-trade zones in ports of entry of the United States, to expedite and encourage foreign commerce, and for other purposes,” and authorizes the Foreign-Trade Zones Board to grant to qualified corporations the privilege of establishing foreign-trade zones in or adjacent to U.S. Customs ports of entry;
Whereas, the Board's regulations (15 CFR Part 400) provide for the establishment of special-purpose subzones when existing zone facilities cannot serve the specific use involved, and when the activity results in a significant public benefit and is in the public interest;
Whereas, the City of New York, grantee of Foreign-Trade Zone 1, has made application to the Board for authority to establish special-purpose subzone status at the watch and clock warehousing/distribution/repair facilities of Bulova Corporation, located in Woodside and Brooklyn, New York (FTZ Docket 37-2002, filed 9/23/02);
Whereas, notice inviting public comment has been given in the Federal Register (67 FR 61849, 10/2/02)); and,
Whereas, the Board adopts the findings and recommendations of the examiner's report, and finds that the requirements of the FTZ Act and Board's regulations are satisfied, and that approval of the application is in the public interest;
Now, therefore, the Board hereby grants authority for subzone status at the watch and clock products warehousing/distribution/repair facilities of Bulova Corporation, located in Woodside and Brooklyn, New York (Subzone 1B), at the locations described in the application, and subject to the FTZ Act and the Board's regulations, including § 400.28.Start Signature
Signed at Washington, DC, this 14th day of May 2003.
Jeffrey A. May,
Acting Assistant Secretary of Commerce for Import Administration, Alternate Chairman, Foreign-Trade Zones Board.
[FR Doc. 03-12881 Filed 5-21-03; 8:45 am]
BILLING CODE 3510-DS-U