Las Vegas, a city known for its vibrant nightlife and entertainment scene, is also a hub for numerous trade shows that attract businesses from all over the world. These events provide an excellent opportunity for companies to showcase their products, network with industry professionals, and learn about the latest trends and innovations in their respective fields.
However, participating in these trade shows can also come with its own set of challenges, especially for international businesses. This is where the benefits of Foreign Trade Zone (FTZ) representation come into play. FTZs are designated areas in the U.S. where foreign and domestic merchandise is considered to be outside the country, or at least, outside of U.S. Customs territory. This means that businesses can defer, reduce, or even eliminate customs duties on products admitted to the zone.
Here are some of the upcoming trade shows in Las Vegas and how FTZ representation could benefit participants:
MAGIC Las Vegas (August 7 – 9, 2023)
This is one of the most comprehensive fashion marketplaces in the U.S., showcasing Women’s, Men’s, and Children’s Apparel, Footwear, Accessories, and Sourcing resources from around the world. With FTZ representation, fashion businesses can import their products into the U.S. for the trade show without paying customs duties immediately. This can significantly reduce the cost of participation for international businesses.
Pack Expo Las Vegas (September 11 – 13, 2023)
Pack Expo Las Vegas is the year’s most comprehensive packaging event on the continent. It brings together more than 30,000 packaging professionals with 2,000+ leading industry suppliers from around the globe. FTZ representation can help these businesses defer or eliminate customs duties on their products, making it more cost-effective to participate in the expo.
SEMA Show (October 31 – November 3, 2023)
The SEMA Show is the premier automotive specialty products trade event in the world. It draws the industry’s brightest minds and hottest products to one place, the Las Vegas Convention Center. With FTZ representation, automotive businesses can import their products into the U.S. for the trade show without paying customs duties immediately. This can significantly reduce the cost of participation for international businesses.
While looking forward to an exciting calendar of trade shows and expos in Las Vegas, it’s imperative for businesses to stay encouraged and consider the benefits of Foreign Trade Zone (FTZ) representation. The Las Vegas Global Economic Alliance (LVGEA) is here to assist any importer or exporter that needs help navigating the complexities of international trade without sacrificing business potential. Whether you are a seasoned international trader or just starting to explore global markets, the LVGEA team can provide the guidance and resources needed for any business.
Don’t miss out on the opportunities that FTZs offer. Contact LVGEA today to learn more about how your business can thrive in the global marketplace.