YOUR LAUNCHPAD TO EXPORT SUCCESS
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1 NIAGARA FOREIGN TRADE ZONE YOUR LAUNCHPAD TO EXPORT SUCCESS
2 WHAT IS THE NIAGARA FOREIGN TRADE ZONE? A SPECIAL DESIGNATION THAT OFFERS COMPANIES LOCATED IN NIAGARA S 12 MUNICIPALITIES competitive advantages related to the export of goods, including: GRIMSBY LINCOLN ST. CATHARINES UNITED STATES CANADA NIAGARA- ON-THE- LAKE EASY ACCESS to an import/export support team DUTY AND TAX exemptions and deferrals WEST LINCOLN PELHAM THOROLD WELLAND NIAGARA FALLS USA MENTORING AND SUPPORT from industry experts WAINFLEET PORT COLBORNE FORT ERIE
3 DES WHY IS NIAGARA A DESIGNATED FOREIGN TRADE ZONE POINT? NIAGARA S TRADE CORRIDOR PLAYS A CRITICAL ROLE IN CANADA S ECONOMY: NIAGARA is the center of the largest and busiest economic trade corridor in Canada $100BILLION in Canada/US trade flows across Niagara s borders each year
4 WHY IS NIAGARA A DESIGNATED FOREIGN TRADE ZONE POINT? NIAGARA S TRADE CORRIDOR PLAYS A CRITICAL ROLE IN CANADA S ECONOMY: 1 IN 6 of all trucks crossing between the US and Canada pass through Niagara s borders 78% of the goods that are transported on Great Lakes St. Lawrence Seaway System pass through Niagara using the Welland Canal
5 WHO CAN THE NIAGARA FOREIGN TRADE ZONE HELP? OPERATORS IMPORTERS TRANSPORTERS BUSINESS OWNERS LOGISTICS PROVIDERS MANUFACTURERS EXPORTERS PRODUCERS
6 HOW CAN THE NFTZ HELP MY BUSINESS? Our ONE-WINDOW APPROACH means your business doesn t have to connect with multiple offices or people to get the importing / exporting support you need to improve your business. ONE CALL OR CONNECTS YOU WITH INFORMATION AND SUPPORT for all of the municipal, provincial and federal government programs and policies related to importing and exporting that can be accessed in Niagara. If your business is physically located in Niagara and imports or exports goods, it s worth a call or an ext jayesh.menon@niagararegion.ca
7 NIAGARA FOREIGN TRADE ZONE INCENTIVE PROGRAMS
8 WHAT INCENTIVE PROGRAMS CAN THE NFTZ HELP MY BUSINESS LEVERAGE? DUTIES RELIEF PROGRAM DRAWBACK PROGRAM CUSTOM BONDED WAREHOUSE PROGRAM EXPORT DISTRIBUTION CENTRE PROGRAM EXPORTERS OF PROCESSING SERVICES PROGRAM
9 NIAGARA FOREIGN TRADE ZONE DUTIES RELIEF PROGRAM AVOID DUTY CHARGES, BONDS AND LICENSING FEES on imports that you store, process or use to manufacture other products, provided you export the end goods or products within 4 years.
10 NIAGARA FOREIGN TRADE ZONE DRAWBACK PROGRAM RECOVER DUTIES THAT YOU PAID IN THE PAST for goods that were imported and then exported or used to produce other goods that were exported.
11 NIAGARA FOREIGN TRADE ZONE CUSTOMS BONDED WAREHOUSE PROGRAM USE A CUSTOMS BONDED WAREHOUSE to store, handle and move your goods for up to 4 years for a competitive edge: DO NOT PAY DUTIES AND TAXES until the goods actually enter the Canadian marketplace DO NOT PAY DUTIES AND TAXES if the goods are exported outside of Canada PROGRAM CAN BE ADMINISTERED AT: Conventional warehouses Office buildings Hotel conference rooms
12 NIAGARA FOREIGN TRADE ZONE EXPORT DISTRIBUTION CENTRE PROGRAM Purchase products in Canada WITHOUT PAYING HARMONIZED SALES TAX (HST) up front on transactions of $1,000 or more, if the products are going to be exported.
13 NIAGARA FOREIGN TRADE ZONE EXPORTERS OF PROCESSING SERVICES PROGRAM IMPORT FOREIGN-OWNED GOODS for processing, distribution or storage goods TAX-FREE if they will be exported within 4 years.
14 NFTZ ALSO HELPS NIAGARA BUSINESSES ACCESS OTHER INCENTIVE PROGRAMS INDUSTRIAL DEVELOPMENT INCENTIVES BROWNFIELD REDEVELOPMENT INCENTIVES AGRI-FOOD INCENTIVES ADDITIONAL PROVINCIAL AND FEDERAL INCENTIVE PROGRAMS
15 NIAGARA FOREIGN TRADE ZONE BENEFITS TS OF DOING BUSINESS
16 ADDITIONAL NIAGARA FOREIGN TRADE ZONE BUSINESS SUPPORT MENTORING SUPPORT from experienced exporters GLOBAL NETWORKING opportunities STREAMLINED ACCESS to other government agencies, including: Canada Revenue Agency Canada Border Services Agency Transport Canada Export Development Canada Innovation, Science and Economic Development Canada Global Affairs Canada AND MORE...
17 A TASK FORCE THAT REALLY REPRESENTS PUBLIC SECTOR REPRESENTATION THE NFTZ TASK FORCE is a collection of public and private stakeholders with the knowledge, perspectives and connections to help Niagara keep pace with the rapid pace of change in the international trade sector.
18 A TASK FORCE THAT REALLY REPRESENTS PRIVATE SECTOR REPRESENTATION THE NFTZ TASK FORCE is a collection of public and private stakeholders with the knowledge, perspectives and connections to help Niagara keep pace with the rapid pace of change in the international trade sector. LOGISTICS SECTOR TRANSPORTATION SECTOR CUSTOMS BROKERAGE SECTOR MANUFACTURING SECTOR LIFE SCIENCES SECTOR GREATER NIAGARA CHAMBER OF COMMERCE
19 JOIN THE GROWING LIST COMPANIES THAT ARE GROWING THEIR BOTTOM LINE THROUGH SUPPORT FROM NIAGARA FREE TRADE ZONE
20 EXPORTING JUST GOT A WHOLE LOT EASIER! The greatest benefit of the NFTZ is that all your exporting needs are addressed by A SINGLE POINT OF CONTACT SUPPORT INCENTIVE PROGRAMS EASY ACCESS DUTY & TAX DEFERRALS DUTY & TAX EXEMPTIONS MENTORING ALL IT TAKES IS ONE PHONE CALL OR TO ONE PERSON to access the programs and professional advice you need to improve your company s trade efforts.
21 NIAGARA FOREIGN TRADE ZONE UNLIMITED POSSIBILITIES
22 TAKE THE NEXT STEP: GET STARTED ON YOUR PATHWAY TO WORLD MARKETS CONTACT JAYESH MENON Niagara Foreign Trade Zone Coordinator ext Sir Isaac Brock Way, Thorold www.
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