Special Event: Exploring the Ft. Lauderdale FTZs
Thursday, January 11, 2018 | 8:30-10:00am
MIASF Presents a Special Session on the Foreign Trade Zones
In November 2016, the Foreign Trade Zone Board and the City of Fort Lauderdale FTZ 241 granted the Marine Industries Association of South Florida approval to establish a 13-site marine industry subzone, creating the first recreational marine FTZ in the United States. FTZ is a federal program that modifies U.S. Customs duties on products imported into the country, and is an area that is considered to be outside the U.S. Customs territory, so any foreign or domestic material moved into an FTZ is not subject to U.S. Customs duties. The businesses that are included in the FTZ subzone will now be able to defer, reduce, or even eliminate Customs duties on foreign products. The marine industry is incredibly important to the overall economy of Fort Lauderdale and the FTZ label has provided the approved marine industry companies more flexibility and financial savings that will, in-turn, create more job opportunities.
These FTZs are having a huge impact on the refit industry. Where are the FTZs and how can yachts, suppliers, and OEMS capitalize on these groundbreaking new duty-free regions? Learn what the regulations around FTZs are, and find out if there are more FTZs on the horizon.
This special session is scheduled for Thursday, January 11, 8:30am to 10am. You’re invited to attend FREE.