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FTZ

OneWeb wants changes to import rules

OneWeb, currently proceeding slowly through its Chapter 11 bankruptcy reorganisation, is asking the US government to relax its rules on importing satellite components and materials under its Foreign Trade Zone regulations. The Foreign Trade Zone (FTZ) rules permit businesses to lower import duties and easier customs processes. OneWeb has made its application via its joint-venture […]

August 20, 2020By Chris Forrester