27 Jun 2025
💊Lilly del Caribe Receives FTZ Production Activity Authorization
Foreign-Trade Zone (FTZ) 7; Authorization of Production Activity; Lilly del Caribe, Inc.; (Pharmaceutical Products); Carolina, Puerto Rico
Summary
The Department of Commerce's FTZ Board authorized production activity for Lilly del Caribe, Inc. in Carolina, Puerto Rico, under Foreign-Trade Zone (FTZ) regulations. The decision follows public comments and confirms compliance with relevant FTZ Act regulations, signifying growth opportunities in the pharmaceutical sector.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$ - Med
The document discusses the authorization of production activity for Lilly del Caribe, Inc. in a Foreign-Trade Zone, impacting operational compliance and encouraging business growth in the pharmaceutical sector. This could open avenues for similar businesses considering FTZ benefits.