The International Trade Division helps Albuquerque companies sell goods and services, particularly scientific and technical services, in foreign markets and attract foreign investment into Albuquerque.
New Mexico's exports to Mexico and other countries continue to increase. To strengthen international trade relations with Mexico, the European Union and Asia, the Economic Development Department established the International Trade Division in 2004.
To increase international business opportunities, International Trade Division provides these services:
- Import-Export Consultations: International Trade Division learns about a company’s plans and helps it prepare to become an exporter or importer.
- Promotion: International Trade Division produces trade leads and provides contact information within the country or industry segment of interest to a company. Also the division develops and maintain foreign business contacts.
- Trade Missions: International Trade Division sets up trade missions and agendas for individual companies, leads trade missions for groups of companies, hosts trade missions to New Mexico, and arranges visits and introductions to appropriate counterparts or companies of interest to visitors.
- Trade Shows: International Trade Division participates in trade shows and conferences abroad, where it provides information, product samples and catalogs from Albuquerque companies or shares a booth with company representatives.
- Market Research: International Trade Division produces reports on industry sectors, such as manufacturing, food processing and technical services, in various countries.
Foreign Direct Investment
To attract foreign direct investment, International Trade Division promotes Albuquerque and its unique assets as a science and technology center to companies abroad that may want an American presence. The International Trade Division also markets Albuquerque as a cost-effective alternative to offshore facilities.
Foreign Trade Zone
The City of Albuquerque has a Foreign Trade Zone on 60 acres near the air cargo center at Albuquerque International Sunport.
A Foreign Trade Zone is a duty-free port regulated by U.S. Customs. Companies can bring in raw materials or finished goods, which they can store, assemble, repackage, grade, manufacture or re-export without paying duty.
The access road, Spirit Drive, has been redesigned for smoother traffic flow, and the City is preparing a site development plan for the Foreign Trade Zone parcel. Next the City plans to buy or build a warehouse for use by companies interested in the benefits of an Foreign Trade Zone.