Del. Workshop to Showcase Benefits of Foreign Trad

NEWS RELEASE 

World Trade Center Delaware 

Monday, December 4, 2023 

Media contact:  Carla Stone, 302-656-7905 , cstone@wtcde.com

Workshop to Showcase Benefits of Foreign Trade Zones on Dec. 12 

A workshop in Wilmington will highlight how business leaders and advisers can use Delaware’s foreign trade zone to potentially erase taxes and duties. 

The event, from 5 p.m. to 8:30 p.m. Dec. 12 at Wilmington University School of Law, 10 Beaver Valley Road, is designed for attorneys, accountants, bankers, exporters and importers, custom brokers, warehousers, logistics specialists, and real estate developers and agents. 

“Foreign trade zones can defer, reduce or erase import duties and taxes, ending in major savings for an importer,” said Patty Cannon, grantee administrator of Foreign Trade Zone #99. “The combination of those savings and rapid movement of goods, thanks to I-95 and the Port of Wilmington, means Delaware is the ideal market for many foreign trade activities.” 

Registration is open at  https://www.wtcde.com . Admission is $50. 

Attendees will learn what foreign trade zones are, how an FTZ can benefit clients, the process for companies to operate in an FTZ, and how the program works. The seminar will cover minimizing tariffs, maximizing deals and other business arrangements, and ensuring legal fair-trade compliance. 

Speakers will include attorney Scott Taylor, leader of the foreign trade zones practice at Sandler, Travis & Rosenberg, who has developed more than 550 FTZ projects, and Sean Lydon, president of ISCM Inc., a consulting firm for organizations with international supply chains and a former FTZ operator. 

“ This is for anyone engaged in global trade, manufacturing, logistics, or research and development ,” said World Trade Center Delaware President Carla Stone. “We’re looking forward to the insights provided by Scott Taylor and Sean Lydon, developed over decades of supporting companies operating in foreign trade zones.” 

Event sponsors include CSC, Foreign Trade Zone 99 and the Delaware Division of Small Business, ISCM Inc., Sandler, Travis & Rosenberg, P.A., Wilmington University School of Law, and World Trade Center Delaware.