Foreign Trade Zone #136
Foreign Trade Zones (FTZ) encourage international trade by U.S. companies and preserve jobs in the U.S. International trade increases company revenues by tapping into new markets and provide a competitive edge. A FTZ is an area inside or near a U.S. Customs Port of Entry where foreign and domestic merchandise is considered to be “outside” the United States and exempt from duty, unless such merchandise is transferred for consumption within the U.S.
Port Canaveral is a grantee of FTZ #136, which encompasses more than 4,000 acres with hub sites located throughout Brevard County. Advantages of operating within an FTZ include deferral, reduction, and potential elimination of duties and relief from tariffs as well as other benefits.
Expanding Your Market Reach
When deciding on whether to export goods and services to expand your company’s market reach, consider that 95 percent of the world's purchasing power is outside of the Unites States. Because of this, businesses that export their goods or services fair better during a downturn in economy than do businesses that do not export.
If you are interested in resources to expand your market reach and generate additional revenue through exports, visit Export.gov for market research on over 100,000 markets. Explore market research to discover the best prospects for success, your products potential in any given market, and business practices in your desired market. Export.gov also offers A Basic Guide to Exporting, the official beginners guide to exporting as well as webinars, webcasts, and other tools.