A FTZ is a designated location within the state that is treated as if it is outside U.S. boarders for customs purposes. The zone can be used for storage, distribution, and production activities. When items are imported into the FTZ, no customs duties are required to be paid until the product leaves the location. If the item is re-exported outside of the U.S., no duty has to be paid and it is entirely exempt from tax, or use fees. Once the items are shipped outside of the designated trade zone to be sold within the country, duty and all associated fees are paid at that time.
The Global Trade and Investment programs are aimed at both assisting Nevada businesses to begin or expand activities in international markets and also attracting foreign investment to the state.
The state's trade program, located in the Nevada Governor's Office of Economic Development, works with partners such as the Northern Nevada International Center, the Nevada World Trade Council (NEWTRAC), the Las Vegas and Reno Export assistance Centers (EAC) and the Nevada District Export Council (DEC) and the Western U.S. Agricultural Trade Association (WUSATA).
American trade policy works toward opening markets throughout the world to create new opportunities and higher living standards for families, farmers, manufacturers, workers, consumers, and businesses. The United States is party to numerous trade agreements with other countries, and is participating in negotiations for new trade agreements with a number of countries and regions of the world.
District Export Councils are organizations of business leaders from local communities, appointed by various U.S. Secretaries of Commerce, whose knowledge of and expertise in international business provides a source of professional advice for their region's local firms. Closely affiliated with the U.S. Commerce Department’s Export Assistance Centers and the U.S. and Foreign Commercial Service, the 59 DECs that exist throughout the country support the U.S. Government’s export promotion efforts.
ExporTech is the “how-to” program that helps your small- or medium-sized company enter or expand into global markets by assisting in the development of an international growth plan customized specifically for your business. Utilizing a team of export experts, ExporTech helps your company move quickly beyond planning, into actual, profitable export sales.
With two offices in Nevada, the U.S. Commercial Service of the U.S. Department of Commerce is a federal government agency dedicated to helping small-to-medium sized Nevada companies develop international markets.