NAFTZ Conference Emphasizes Role of Foreign-Trade Zones
NAFTZ Conference Emphasizes Role of Foreign-Trade Zones
The recent NAFTZ Annual Conference showcased the vital role of U.S. Foreign-Trade Zones (FTZs) in enhancing cash-flow management and supply chain efficiency. This year's event drew a record attendance of over 530 participants, with a significant number being first-time attendees, reflecting a growing interest in FTZ discussions and their implications for the economy.
Growing Engagement in Foreign-Trade Zones
With more than 1,300 active FTZ operations in the states and Puerto Rico, the event underscored the importance of these zones in the current economic landscape. The increasing participation also highlighted the relevance of the FTZ program, which has helped support approximately 550,000 American jobs and facilitate exports worth nearly $150 billion.
Topics Addressed at the Conference
This year’s conference featured five distinct content tracks that catered to a variety of audiences, both veterans in the field and newcomers. These tracks included:
- Future of U.S. FTZs – A discussion on the changing trade landscape and emerging policies that affect FTZs.
- U.S. FTZ Operations – Insights into operational best practices and recent compliance updates relevant to all operators.
- Regional FTZ Economic Decisions – Case studies showing how local FTZs influence investment and contribute to resilient supply chains.
- Operator/User Track – Discussions centered on the strategic role of FTZs in light of changing tariffs and evolving global trade conditions.
- Petroleum Track – Expert views on the energy sector's interactions with FTZs, including regulatory changes and competitiveness strategies.
Leadership Transition at NAFTZ
The conference ended with the announcement of a new Board of Directors at NAFTZ, marking a significant change in leadership aimed at guiding the association forward into new initiatives. The board includes industry professionals from various sectors related to foreign-trade zones, bringing diverse expertise to NAFTZ’s governance.
New Board Members
The newly appointed members include:
- William Cawthern – Director, Foreign-Trade Zone #74.
- Danielle Converse – Foreign Trade Zone Manager at a major port.
- Shana Head – Senior Director of FTZ Product at a logistics company.
- Jessica Miserendino – Import Manager at a national manufacturer.
- Kelly Steward – Senior Manager of Customs Compliance at a Fortune 500 company.
Vision for the Future
Katie Tangman, the newly elected Board Chair, expressed her enthusiasm for the upcoming challenges and opportunities. With her extensive experience at Columbia Sportswear, she is poised to champion the FTZ community’s interests, aiming to enhance engagement and visibility in policy discussions that impact the FTZ program.
“I am dedicated to fostering a collective voice for the FTZ community,” Tangman remarked, emphasizing the importance of collaboration and advocacy. The changes in leadership reflect the NAFTZ's commitment to empowering its members and adapting to the evolving global trade environment.
Expanding Influence and Visibility
The conference also featured the second all-female Executive Committee in NAFTZ’s history, featuring:
- Patricia Cannon – Vice-Chair, director of special projects.
- Leigh Ryan – Treasurer, with a background in international trade.
- Diana Urelius – Secretary, senior manager in logistics.
Conclusion
The annual conference served to reinforce the value of U.S. Foreign-Trade Zones as critical tools in facilitating trade, supporting employment, and fostering economic growth. The NAFTZ continues to be the authoritative voice of the FTZ community, committed to enhancing the program's visibility and effectiveness in supporting U.S. economic interests.
Frequently Asked Questions
What is the role of U.S. Foreign-Trade Zones?
U.S. Foreign-Trade Zones play a significant role in enhancing trade competitiveness by improving cash-flow management and supply chain efficiencies.
How many active FTZ operations exist in the U.S.?
There are currently more than 1,300 active FTZ operations across the United States and Puerto Rico.
What were the main topics discussed at the NAFTZ conference?
Key topics included the future of U.S. FTZs, operational best practices, economic decisions in regional areas, and the role of FTZs in the petroleum sector.
Who are the newly elected members of the NAFTZ Board of Directors?
The new board includes directors from various sectors within the FTZ community, each bringing unique expertise to the association.
What significant achievement did the conference highlight?
The conference celebrated the election of the second all-female Executive Committee in the organization’s history, reflecting its commitment to diversity and inclusion.
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