PRESS-NEWS.org - Press Release Distribution
PRESS RELEASES DISTRIBUTION

The Advantages of the Port of Seattle's Free Trade Zone

John Creighton discusses the advantages of the Port of Seattle's free trade zone.

2012-12-05
SEATTLE, WA, December 05, 2012 (Press-News.org) Last month, Seattle Port Commissioner John Creighton moderated a panel of federal, state and local officials on "How to Increase Your Bottom Line with Exports" at the Seattle International Textile Expo.

While the fashion and textile industry often seems to go unnoticed in the Pacific Northwest, Washington State represents the 4th largest fashion cluster in United States. Major players like Nordstrom, REI and Eddie Bauer mix with high fashion companies like Luly Yang; small boutiques and designers focused on local hipsters mix with businesses like Tactical Tailor that provide uniforms for the military; and of course the Northwest is home to lots of outdoor gear manufacturers such as Filson and Zumiez.

The Port of Seattle together with the Port of Tacoma constitutes the 3rd largest seaport cluster in the United States. Seattle-Tacoma International Airport is the 16th busiest commercial airport in the country. And according to a recent study, two out of every five jobs in Washington State, or 40%, are based on international trade. In short, Pacific Northwest fashion and other businesses looking to increase revenue through exports are well-positioned to do so.

A good example of a clothing wholesaler and retailer that has used the Port of Seattle's trade infrastructure to its advantage is the Norwegian company Helly Hansen in June 2012 edition of Containerisation International). A significant majority of the leisurewear that Helly Hansen exports to North America comes from Asia. Helly Hansen has been able to take advantage of the Port of Seattle's Free Trade Zone (FTZ). FTZs are a duty-free, quota-free, secured area in a designated customs "port of entry," considered outside US Customs territory. Within a zone, foreign goods can be brought into the United States without formal customs entry for assembly, manufacture, display, destruction or other processing. Duty payments can be deferred, reduced or eliminated when an FTZ is utilized.

The FTZ has allowed Helly Hansen to lower high apparel import taxes, with some duties being reduced and others deferred. Use of the port's FTZ also has allowed Helly Hansen to reduce processing and entry fees and related paperwork. Moreover, because the Port of Seattle's FTZ is approved under the federal government's "Alternative Site Framework" (ASF) scheme, it only took Helly Hansen 30 days to get FTZ accreditation, something that otherwise could have taken up to 18 months and cost significantly more. According to Commissioner Creighton, the Port of Seattle was one of the first ports in the United States to secure the ASF option.

"The Port of Seattle's FTZ helps companies level the playing field with competitor operations in overseas markets," said Commissioner Creighton. "With today's global economy, we need every competitive advantage we can get in order to help create jobs in the Pacific Northwest."


ELSE PRESS RELEASES FROM THIS DATE:

onShore Successfully Completes Service Organization Controls 2 (SOC 2) Type II Report Under AT Section 101

2012-12-05
onShore Networks, a leading provider of computer network management services in the Chicagoland area, announced today that it has recently completed its Service Organization Controls 2 (SOC 2) Type II examination under AT Section 101, Attest Engagements (American Institute of Certified Public Accountants (AICPA), Professional Standards), for the period April 1, 2012, through September 30, 2012. The successful completion of this comprehensive audit demonstrates onShore's commitment to implementing processes and controls for delivery of high-quality services to its customers. About ...

New Benefit Found for San Diego Testosterone Patients

2012-12-05
Men considering testosterone therapy in San Diego now have yet another reason to do so. In addition to the many benefits that can be achieved through testosterone treatments, testosterone may also regulate how truthful people are, a new study shows. The results have important implications for ENERGENEX (http://www.energenex.com), a testosterone treatment facility in San Diego. A recent study from Germany shows that higher testosterone levels may actually lead to an increase in honesty. Testosterone is often blamed for higher levels of aggression or violence among men. ...

San Diego Plastic Surgery Practice Launches Updated Website

2012-12-05
With the launch of updated procedure pages on its website, Alexander Cosmetic Surgery (http://www.alexandersurgery.com) has created an enhanced resource for prospective San Diego plastic surgery patients. The new pages are now more intuitive than ever, with a fresh new approach for teaching visitors about each procedure. "An informed patient is a great patient," states Dr. John T. Alexander II, a board-certified plastic surgeon at the La Jolla cosmetic surgery practice. "By giving my patients the tools they need to learn more about their surgery, they're ...

IT Might be Part of the Solution for Youth Unemployment?

2012-12-05
Youth unemployment remains a significant problem for our community. The Australian Government's DEEWR website (http://www.deewr.gov.au/lmip/default.aspx?LMIP/LFR/Vic/Melbourne) puts the unemployment rate for October 2012 at 5.3%, and youth unemployment (15 to 24 year olds) at 12.5% and teenage unemployment (15 to 19 year olds) at a staggering 28.7%. There are a range of reasons given by the experts as contributing factors to this problem. These include the reduction in the need for unskilled labour, the shrinking of traditional employment bases like the manufacturing industry, ...

California Introduces New Workers' Comp Overhaul

2012-12-05
California lawmakers recently approved a workers' comp overhaul. The overhaul will provide those on workers' comp with more benefits and lower costs for employers at the same time. Some feel that the new legislation is a step in the right direction for both workers and employers. But others worry that the system was created too quickly without enough input from people on all sides of the issue. Creation of the Bill Several large business and labor groups created the bill for the new system. But some lawyers and doctors who deal with workers' compensation issues, felt ...

Meningitis Outbreak Impacting New Jersey Families

2012-12-05
Several individuals throughout the United States received tainted drugs that have led to fungal meningitis. These patients were all receiving steroid injections that originated from a compounding facility in Massachusetts. The defective drugs have led to the deaths of at least 32 people. In New Jersey, there have been 27 potential cases of fungal meningitis due to the drugs, according to state health officials. Fungal meningitis is an extremely rare form of meningitis that occurs when fungus in the blood is transferred to the spinal cord. Patients with weakened immune ...

Asserting or Denying Paternity in Minnesota

2012-12-05
In Minnesota, fathers' rights are generally established through matters regarding paternity, child custody, child visitation and child support. Typically, the rights are evoked when a male is affirming or denying paternity, making custody arrangements or contesting financial support of a child. Paternity Paternity refers to the "legal" father of a child. When a man is established as a legal father, he has an obligation to financially support the child. He also has rights pertaining to custody and parenting time. Biological verification is not required ...

Are You Eligible for Chapter 7 Bankruptcy?

2012-12-05
In this economy, Americans are struggling to make ends meet. As expenses pile up, you may find yourself drowning in bills and other debts. Fortunately, bankruptcy relief is a great debt-reducing strategy. Chapter 7 debts generally include the following: - Credit cards - Unsecured personal loans - Medical and dental bills Often, you can keep your home and many other possessions through the Chapter 7 bankruptcy process. However, before you consider this debt-reducing option, you must qualify. The "means test" is used by bankruptcy courts to determine ...

How to Be a Parent During a Divorce or Separation

2012-12-05
If you are dealing with a divorce or separation, you may be worried about the welfare of your children. How will they handle the process? Will divorce affect them--emotionally, physically or mentally? The truth is, divorce will probably have an impact on your children, but fortunately, there are ways that you can protect them throughout the process. Your children will successfully come out of the life-changing experience if you keep the best interests of your children in mind. Manage your actions and emotions First, it is important to watch your actions. Your children ...

Provost Umphrey Law Firm: $65 Million Judgment Against First National Bank Edinburg

2012-12-05
On Wednesday, November 26, 2012, 281st State District Court Judge Sylvia Matthews entered a judgment in the amount of $65,884,838.70 against First National Bank of Edinburg and the Merensky Reef Hospital Corporation (Cause #2010-41034) in favor of six investors that were defrauded by the financial institution and healthcare management company. Judge Matthew's decision follows the conclusion of a five-week jury trial that culminated in a unanimous verdict against First National Bank Edinburg, Merensky Reef Hospital Corporation and Conroe area attorney Eric Yollick wherein ...

LAST 30 PRESS RELEASES:

Laser correction for short-sightedness is safe and effective for older teenagers

About one in five people taking Ozempic, Wegovy or Mounjaro say food tastes saltier or sweeter than before

Taking semaglutide turns down food noise, research suggests

Type 2 diabetes may double risk of sepsis, large community-based study suggests

New quantum sensors can withstand extreme pressure

Tirzepatide more cost-effective than semaglutide in patients with knee osteoarthritis and obesity

GLP-1 drugs shown cost-effective for knee osteoarthritis and obesity

Interactive apps, AI chatbots promote playfulness, reduce privacy concerns

How NIL boosts college football’s competitive balance

Moffitt researchers develop machine learning model to predict urgent care visits for lung cancer patients

Construction secrets of honeybees: Study reveals how bees build hives in tricky spots

Wheat disease losses total $2.9 billion across the United States and Canada between 2018 and 2021

New funding fuels development of first potentially regenerative treatment for multiple sclerosis

NJIT student–faculty team wins best presentation award for ant swarm simulation

Ants defend plants from herbivores but can hinder pollination

When the wireless data runs dry

Inquiry into the history of science shows an early “inherence” bias

Picky eaters endure: Ecologists use DNA to explore diet breadth of wild herbivores

Study suggests most Americans would be healthier without daylight saving time

Increasing the level of the protein PI31 demonstrates neuroprotective effects in mice

Multi-energy X-ray curved surface imaging-with multi-layer in-situ grown scintillators

Metasurface enables compact and high-sensitivity atomic magnetometer

PFAS presence confirmed in the blood of children in Gipuzkoa

Why do people believe lies?

SwRI installs private 5G network for research, development, testing and evaluation

A new perspective in bone metabolism: Targeting the lysosome–iron–mitochondria axis for osteoclast regulation

Few military spouses use formal support services during, after deployment

Breakthrough in the hunt for light dark matter: QROCODILE project reveals world-leading constraints

2D x-ray imaging technique reveals hidden processes in CO2 electrolyzers

Rational high entropy doping strategy via modular in-situ/post solvothermal doping integration for microwave absorption

[Press-News.org] The Advantages of the Port of Seattle's Free Trade Zone
John Creighton discusses the advantages of the Port of Seattle's free trade zone.