Page 12 - World Trade Center - 2023

“We helped [Advanced Materials Technology] understand what the regulations were and how to comply, and then we
helped them develop a
strategy via the
ExporTech program.”
– Tony Ceballos, Director,
U.S. Commercial Service in Philadelphia
“They came to us because they needed help understanding regulations for their exports into Brazil and Germany,” Ceballos said. “We helped them understand what the regulations were and how to comply, and then we helped them develop a strategy via the ExporTech program.”
Through ExporTech, the Commercial Service partners with the State of Delaware, WTC Delaware and the Delaware Manufacturing Extension
Delaware’s Foreign Trade Zone: Help With Your Cash Flow
Another key advantage for companies doing international business in Delaware: Foreign Trade Zone #99.
FTZ #99 consists of several sites and areas around the state (such as the Port of Wilmington, the Delaware City Refining Co., AstraZeneca Pharmaceuticals, Bloom Energy and the Delaware Freeport warehouse, which serves as a storage facility for fine art) that are considered outside the U.S. for duty and tax purposes. This means that import duties and taxes are not due until the goods exit the FTZ, resulting in potentially significant savings for the importer. Depending on the type of goods you are importing, duties may not just be deferred, but reduced or even lifted altogether.
“What will make or break a new

P
t
a
a
r
r
t
t
n
n
e
e
r
r
s
s
h
hi
i
p
p
t
t
o
o
h
h
e
e
l
l
p
p
c
together a strong plan for exports. As a result of assistance provided
by the U.S. Commercial Service and its Delaware partners, Advanced Materials Technology was able to identify a new distributor in China, which generated over $200,000 in export sales to that country. Overall, the company increased its exports by 24% worldwide and hired additional staff to better manage and cultivate its international business.

c
o
o
m
m
p
p
a
a
n
n
i
i
e
e
s
s
p
p
u
u
t
Investing in what matters most.

1.800.FULTON.4 fultonbank.com Fulton Bank, N.A. Member FDIC.
10 WORLD TRADE CENTER® DELAWARE 2023 | WTCDE.COM
Steamfitters Local Union 420 is proud to support the World Trade Center Delaware Gala 2023.
Best wishes for a great event!