💊Proposed Production Activity Notification for Lilly del Caribe, Inc.
Foreign-Trade Zone (FTZ) 7; Notification of Proposed Production Activity; Lilly del Caribe, Inc.; (Pharmaceutical Products); Carolina, Puerto Rico
Summary
Lilly del Caribe, Inc. submitted a notification to the Foreign-Trade Zones Board regarding a proposed production activity for pharmaceutical products in Carolina, Puerto Rico. The notice outlines the specific foreign-status materials involved and invites public comment on the proposal, detailing potential benefits associated with conducting production under FTZ procedures.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$$ - High
The regulatory notice involves production activities related to Foreign-Trade Zones (FTZ), which can provide duty-free benefits for foreign-status materials and components, notably impacting businesses involved in pharmaceuticals. Companies like Lilly del Caribe, Inc. could experience financial advantages by utilizing FTZ procedures, as detailed in the document's provisions on duty rates and imports.