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Showing posts with tags FTZ Annual Report.

March 16 Newsletter

Posted on March 16th, 2016 at 2:47 pm

USA & Cuba Relations update:

 

Ahead of Obama's trip to Cuba, new regulations, hotels, and airlines make news

 

New US policy changes towards Cuba were announced this week, less than a week before President Obama is scheduled to visit Cuba from March 20 to 22, 2016. President Obama will be traveling to Cuba alongside executives from a number of US companies including Marriott and Starwood Hotels who have applied for authorization to operate hotels in Cuba.

 

On Monday of this week, United Airlines submitted paperwork to operate flights from their US international hubs to Havana's Jose Martí International Airport. The business announcements reflect a rollback of a number of policy restrictions, the 5th such rollback by the Obama administration since December 2014. Some notable new regulations released today include:

 

  • Cargo vessels and airlines can now make stops in Cuba and continue on their routes without special licensing
  • Educational travel itineraries can be now made for individuals, they no longer need to travel with a group
  • Banking regulations allow for less blocking of funds
  • Cuban citizens can now be hired in the US, making way for entrepreneurs, artists, and athletes
  • Scholarships can now be extended to Cuban citizens

Read more from Bureau of Industry and Security

 

Read more from the Miami Herald

 

Read the United Airlines announcement

 

Attended Festival del Habano XVIII

 

Ralph L. Gazitua, WTDC President & CEO, traveled to Havana, Cuba, March 3-5 to attend XVIII Festival del Habano. This was Mr. Gazitua's 6th time traveling to Cuba since March 2015 after announcements were made restoring diplomatic relations with the United States. The Habanos Festival is the island's foremost tradeshow for the cigar tobacco industry. Popular themes this year were Cohiba's 50th anniversary celebration and 2016 Limited Edition cigars from Montecristo and Romeo y Julieta.

 

 

 
 
 
 
 

 

NAIOP Panel on Cuba's effect on South Florida real estate

 

At Thursday's NAIOP South Florida Chapter Meeting, WTDC President & CEO Ralph L. Gazitua joined a panel of South Florida professionals to speak about the evolving relations between the United States and Cuba and how the South Florida Real Estate Market may be affected. NAIOP is the Commercial Real Estate Development Association.

 

 

 

Final Reminder:

FTZ Annual Report due


FTZ Operators: The Annual Report is due on March 31 and includes all information from January 1 to December 31 of last year. Reports must be submitted via OFIS.
 

 

 

MiamiHerald: 'Bucking trends, PortMiami had a good year in 2015'

 

Overall trade with the United States may have fallen, as did numbers at many of the country's biggest ports, but PortMiami showed a 5.75% gain in 2015, equating to an additional $1.37 billion in trade flowing into the Port.

 

Somewhat surprisingly, medical devices with Costa Rica had the biggest impact on PortMiami's surge in trade. World City's Ken Roberts broke down the numbers in his article published in this week's Business Monday edition of the Miami Herald on March 14: 'Bucking trends, PortMiami had a good year in 2015.'

 

Click here to read the full article

 

 

 

International Women's Day Photo

 

 

On March 8, WTDC recognized the women in our company on International Women's Day. WTDC has three women in manager roles: Vera Gazitua, Accounting Manager, Virginia Diez, Operations and Customer Service Manager, and Castell Chavez, Transportation Manager. Thank you for all you do!

March 16 Newsletter - Read More

February 1 Newsletter

Posted on February 1st, 2016 at 5:04 pm

Temperature Control expansion

 

WTDC has commenced expansion of its FTZ Temperature Control Warehousing. We will continue to provide updates through construction and completion. As mentioned in our last newsletter, WTDC’s FTZ business rose 37% in 2015 thanks in part to temperature control services for our Wine and Spirits customers from the Duty Free and Travel Retail industry.

 

 

 

Reminder: FTZ Annual Report due

 

FTZ Operators: The Annual Report is due on March 31 and includes all information from January 1 to December 31 of last year. Reports must be submitted via OFIS.

 

The Foreign Trade Zone Board offers free webinars on the topic of submitting the FTZ annual report. The next webinar is on Wednesday, February 10.

 

Click here for more information on FTZ Board webinars on Filing an Annual Report

 

 

 

USA & Cuba relations update:

Export Financing & Business Travel

 

Last week the United States laid out new policy changes in the Export Administration Regulations (EAR) and Cuban Assets and Control Regulations (CACR). Of note to the trade and transportation industries are changes regarding the way products for export to Cuba originating from the United States may be financed, with agricultural products being a noted exception.

 

The financing of exports precedent involved rerouting to a third country and/or cash only payment in full for most commodities, two common factors that many policy changes eliminate. Additional changes release last week include expanding definitions for business interactions with the Cuban people as well as business travel to the island.

 

U.S. Secretary of Commerce Penny Pritzker said, “...These regulatory changes will also facilitate exports that will help strengthen civil society in Cuba and enhance communications to, from and among the Cuban people.  Looking ahead, we will continue to support greater economic independence and increased prosperity for the Cuban people, as we take another step toward building a more open and mutually beneficial relationship between our two nations.” (From Commerce.Gov)

 

Read more from the New York Times

 

Read more on this update from Commerce.gov

 


 

 

 

Leap Year, Did you Know?

 

You likely already noticed that this February there are 29 days as we are in a leap year. You also probably know that leap year is every four years, but did you know...

  • Presidential elections in USA fall within leap years (More time for debates!)
  • We have a leap year to closer align the Gregorian calendar (365 days) with the solar year (365.242 days).
  • Leap year only occurs on years divisible by 4 and century years divisible by 400 (Sorry, 1900 and 2100!) to account for the 26 second difference in Gregorian and solar years.
  • 10 dates were skipped in October 1582 to align the new Gregorian calendar with the old Julian calendar instituted in 46 B.C.

 Source: CNN.com

 

 

Save the Date: Lod Mosaic at the Frost Art Museum

 

The Arts & Culture Committee of the Chile-US Chamber of Commerce is proud to announce its next event:

 

Lod Mosaic, Tour with Chile-US Chamber

Patricial and Phillip Frost Art Museum-FIU

FIU, 10975 SW 17th Street, Miami, FL 33199

 

Photo Credit: The Arab Daily News

 

Lod Mosaic Exhibition description from The Frost

 

If you are interested in attending please click here to RSVP

February 1 Newsletter - Read More