Illinois Export News
News for Illinois Exporters
Illinois Trade Events and Opportunities
Below is a list of upcoming international trade events, which our office is organizing or co-sponsoring/supporting. We hope that you will be able to join us for at least one of them.
Connect with us on social media @USCommercialSvc for our latest updates and resources.
If you have any questions or would like to share helpful resources, please connect with us. We look forward to working with you soon!
- Featured Event: Tax & Import Duty Strategies for U.S. Exporters
- NEW PODCAST: ExporTech Program Strengthens Murray Corporation's Export Strategy
- Opportunities and Events
- Do you know who can help resolve trade issues?
Many U.S. companies with foreign sales are missing out on tax incentives designed specifically with them in mind. In fact, U.S. Customs estimates that exporters leave behind more than $2 billion annually in eligible refunds through the duty drawback program (a refund on import duties paid for items incorporated into exported products). Likewise, most exporters are not aware that they could potentially benefit from forming an interest charge domestic international sales corporation (IC-DISC) to reduce taxes.
To learn if your company can take advantage of either or both these programs, please join us for a free webinar to hear from subject matter experts who will provide overviews on these two programs: Tax & Import Duty Strategies for U.S. Exporters taking place on July 28th, 10AM CDT.
We hope you can join us, and consider sharing this opportunity with your CFO.
For more information, please contact: Kristi.Wiggins@trade.gov
This episode of Export Nation is part of a series that highlights the ExporTech program, a joint effort between the U.S. Commercial Service and the Manufacturing Extension Partnership (MEP) to accelerate the growth of export ready manufacturers via the development of a structured export strategy.
Tech Download Series: Cybersecurity and Artificial Intelligence
Cybersecurity is an increasingly important element of our interconnected world, with new opportunities and threats appearing every day. ITA has created Tech Download, a three-part series focused on showcasing real-time and actionable market conditions and international commercial opportunities for U.S. technology companies.
Each session in this series will include brief presentations by technology experts in our U.S. embassies and consulates overseas, along with an interactive question and answer period. Targeted sub-sectors include, but are not limited to, artificial intelligence, cybersecurity, the internet of things and smart cities, semiconductors, telecommunications, cloud computing, 5G, and more.
The series kicks off on July 28 focusing on the rapidly growing cybersecurity sector in the Southeast Asian markets of Thailand, Vietnam, Indonesia, and Cambodia. The following sessions focus on Europe, with cybersecurity in France, Italy, Portugal and Spain on October 7, and artificial intelligence in Austria, Denmark, Ireland, the Netherlands, and the United Kingdom on October 21.
This is a unique opportunity to ask questions and hear from industry experts in these up and coming regions, so don’t miss out. Register today!
The International Trade Administration (ITA) invites U.S. exporters to a webinar series focused on business opportunities in South America. Starting in March, each session will cover an overview of a selected market, its key sectors, reasons to consider doing business there, and ITA resources available to exporters interested in doing business in the market.
Register today for any these sessions:
- August 4, 2021 - Doing Business in Ecuador
Cost: $35 per participant per webinar or $200 for the entire series per company. If you are interested in all of the webinars, please register for the entire series.
Virtual Connections: Chile - Exporting U.S. Agribusiness and Water Technology Solutions
The need for agribusiness and water technology solutions in Chile has increased significantly in recent years. This, due in part to the high demand of food imports. Join ITA, U.S. diplomats, and local industry experts for Virtual Connections: Exporting U.S. Water Solutions to Chile on August 10 for a business-to-business matchmaking program for U.S. agribusiness and water technology companies to discuss opportunities in the country.
This two-part program is designed to give participants the information and introductions to decision makers and buyers to start doing business in Chile. The session will start with a market update, then, those interested in connecting directly with partners can sign up for additional curated virtual matchmaking sessions to meet buyers and government officials.
Eligible U.S. companies are water solution providers and companies involved in irrigation, water conservation, filtration, purification, de-salination, software, sensors, localized energy sources to run irrigation, and related sectors.
Register or contact: Catherine.Muth@trade.gov or Laurie.Kelleher@trade.gov (CS Pittsburgh) for more information.
Join the U.S. Commercial Service for a discussion on renewable energy in Taiwan with speakers from Swancor Renewable Energy, Vena Energy, and the American Institute in Taiwan to discover business opportunities in the renewable energy sector.
Taiwan plans to generate 20% of its energy from renewable energy by 2025, up from 5% in 2020. Energy policy calls for significantly less coal, more LNG, increased renewables and a “nuclear-free homeland”. Between 2021 and 2035, Taiwan will add 15.7GW of offshore wind power. For solar energy, Taiwan will add 14.2 GW by 2025. Current unfinished wind and solar projects value is approximately $82.9 billion.
DATE: Tuesday, August 10th | TIME: 5:00 pm PDT / 8:00 pm EDT /8:00 am (Wednesday, August 11th) Taiwan Time
COST: $25 for U.S. Companies
QUESTIONS: Christopher Feather at email@example.com
Kenneth Chen at firstname.lastname@example.org
Maximizing Korean eCommerce Market
Korea’s online retailing channel is competitive. Often offering the best deals and delivery services; Korean consumers are shifting away from brick and mortar stores. Korean consumers are also using cross border e-commerce finding that imported goods via cross border e-commerce are less expensive even after adding international shipping fees and import duties.
What Can I Learn from This Webinar?
1. Learn about the Korean market to set appropriate market entry, marketing, and sales strategies.
2. Learn how to increase your brand awareness by using Korea’s e-commerce platforms.
Join us on August 11th and register today!
For more information, contact Jinjoo.Lee@trade.gov
The U.S. Commercial Service in China invites U.S. companies to join a webinar on July 29th focused on China’s new regulations governing the sale of Over the Counter (OTC) drugs through cross-border e-Commerce. This webinar will discuss China’s new regulations, demystify China’s e-Commerce marketplace, and highlight opportunities for U.S. companies.
China’s OTC market was valued at $18bn in 2019 and is forecasted to reach $21.2bn by 2024. Extended forecasts for 2020-2029 peg China’s total OTC market value at $28bn by 2029. U.S. products are highly respected for their safety and quality, driving demand for these products.
Learn more and register today!
The U.S. Commercial Service in Australia is planning to have a booth at Sydney Build, one of Australia's leading construction exhibitions taking place in person this year on November 23 & 24, 2021. The purpose of the booth is to showcase U.S. building and construction related technologies and solutions and assist those firms locate potential Australian partners. This event offers 300+ accredited presentations, 500+ exhibitors and networking opportunities with thousands of senior-level decision makers, buyers and influencers from the construction, architecture, and infrastructure industries. Please contact Arjun.Bakshi@trade.gov for more information.
Digital Transformation Business Mission - Saudi Arabia, Kuwait, Qatar with an optional stop to UAE: October 21 & 24-28, 2021
Grow your business with us. Join other U.S. technology executives and the U.S. Department of Commerce on our Digital Transformation Business Mission to Saudi Arabia, Kuwait, Qatar with an optional stop to the UAE from October 21 & 24-28, 2021. Apply here by June 30.
Contact Andrey.Piroozgar@trade.gov if you have any questions.
The U.S. Commercial Service can help through commercial diplomacy. This type of assistance involves engagement with foreign officials on behalf of U.S. companies, industries, or broader national economic security interests. Learn more about situations where commercial diplomacy can work for you.