[Federal Register Volume 67, Number 103 (Wednesday, May 29, 2002)]
[Notices]
[Page 37385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-13393]


-----------------------------------------------------------------------

DEPARTMENT OF COMMERCE

Foreign-Trade Zones Board

[Order No. 1228]


Grant of Authority For Subzone Status; Movado Group, Inc. 
(Watches and Consumer Goods), Moonachie, New Jersey

    Pursuant to its authority under the Foreign-Trade Zones Act, of 
June 18, 1934, as amended (19 U.S.C. 81a-81u), the Foreign-Trade Zones 
Board (the Board) adopts the following Order:

    Whereas, the Foreign-Trade Zones Act provides for ``...the 
establishment... of foreign-trade zones in ports of entry of the 
United States, to expedite and encourage foreign commerce, and for 
other purposes,'' and authorizes the Foreign-Trade Zones Board to 
grant to qualified corporations the privilege of establishing 
foreign-trade zones in or adjacent to U.S. Customs ports of entry;
    Whereas, the Board's regulations (15 CFR part 400) provide for 
the establishment of special-purpose subzones when existing zone 
facilities cannot serve the specific use involved, and when the 
activity results in a significant public benefit and is in the 
public interest;
    Whereas, the Port Authority of New York and New Jersey, grantee 
of Foreign-Trade Zone 49, has made application to the Board for 
authority to establish special-purpose subzone status at the watch 
and consumer goods distribution/repair facility of Movado Group, 
Inc., located in Moonachie, New Jersey (FTZ Docket 44-2001, filed 
10/31/01);
    Whereas, notice inviting public comment was given in the Federal 
Register (66 FR 56272, 11/7/01); and,
    Whereas, the Board adopts the findings and recommendations of 
the examiner's report, and finds that the requirements of the FTZ 
Act and the Board's regulations are satisfied, and that approval of 
the application is in the public interest;
    Now, therefore, the Board hereby grants authority for subzone 
status at the watch and consumer goods distribution/repair facility 
of Movado Group, Inc., located in Moonachie, New Jersey (Subzone 
49J), at the location described in the application, and subject to 
the FTZ Act and the Board's regulations, including [sect] 400.28.

    Signed at Washington, DC, this 17th day of May, 2002.
Faryar Shirzad,
Assistant Secretary of Commerce for Import Administration, 
AlternateChairman, Foreign-Trade Zones Board.
    Attest:

Dennis Puccinelli,
Executive Secretary.
[FR Doc. 02-13393 Filed 5-28-02; 8:45 am]
BILLING CODE 3510-DS-P