• Tax & Import Duty Strategies for U.S. Exporters

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    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

    Did you know……
     
    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.
     
    Register Now
     
    We hope you can join us, and consider sharing this opportunity with your CFO.
    For more information, please contact: Kristi.Wiggins@trade.gov
     

    How to learn about unfair foreign subsidies

    globe   Unfair foreign subsidies distort global trade. Do you think one is impacting your business? Get information on specific foreign practices from a library and learn how the U.S. government works to address the issue.

    Opportunities and Events

    Doing Business in the United Kingdom - July 8th 
     
    Join the U.S. Commercial Service for a webinar to learn about current market opportunities and challenges in the United Kingdom. Learn from the experts about the UK market which is the largest in Europe, the fifth-largest in the world for U.S. goods exports, and the largest market in the world for U.S. service exports. Agenda
     
     
    Register Today 
     

    Doing Business and Best Prospects in South America Webinar Series
    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:  If you are interested in all of the webinars, please register for the entire series.
    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.
     

    Women Business Leaders in the Middle East and Africa
    Date: Tuesday, July 13, 2021
    Time: 9:00AM-10:30AM EDT
     
    Registration Link: https://emenuapps.ita.doc.gov/ePublic/event/editWebReg.do?SmartCode=1QLU
     
    Join us to hear from women leaders of U.S. Chamber of Commerce affiliates in the Middle East and Africa. They will share their unique experiences and advice for women-owned businesses seeking to export to the region.
     
    Speakers:
     
    Camille Richardson, Deputy Assistant Secretary for the Middle East & Africa
    Sylvia Menassa, CEO, AmCham Egypt
    Rose Alissi, CEO, AmCham Jordan
    Margaret Olele, Executive Director, AmCham Nigeria
    Angela Russell, CEO, AmCham South Africa 
    Rabia El Alama, Executive Director, AmCham Morocco,
    Liz Beneski, Executive Director, AmCham Abu Dhabi
     

    OTC Drugs Webinar – Entering China through Cross-Border e-Commerce - Webinar
    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! 
    CARM – A New Mandatory System for Registered Non-Resident Importers to Canada
    The Canada Border Services Agency (CBSA) has undertaken a two-year plan to introduce the CBSA Assessment and Revenue Management (CARM) program. This initiative aims to take Canada’s trade into the future and further improve the country’s trade performance. Once CARM is implemented, it will provide importers access to their trade information and account balances, direct payment solutions, and a myriad of trade tools that simplify their importing processes. THIS PROGRAM WILL BE MANDATORY FOR U.S. NON-RESIDENT IMPORTERS. Please join us on this webinar to learn more about the program and about your requirements as a Non-Resident Importer.
     
    Location: Virtual | Date: June 24, 2021 | Time 1:00-2:00pm ET | Cost: free
    REGISTER HERE: https://emenuapps.ita.doc.gov/ePublic/event/editWebReg.do?SmartCode=1QLG

    Sydney Build – Australia’s leading Construction in person exhibition - November 23 & 24 2021
    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.

    Pilot Project - Social Media Promotion for Travel and Tourism and Education

    ITA's Travel and Tourism team is offering a pilot project in conjunction with our Education counterparts to assist destinations in promoting both the travel and tourism sector as well as the education sector through our network of contacts at the US Embassies and Consulates in foreign markets.  If interested, please reach out to Jennifer Loffredo.
     
    If you would like to see the campaign in action - please follow us on Twitter @CSTravelTourism.

    Do you know who can help resolve trade issues?

    handshake   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.

    ExporTech Program Strengthens Murray Corporation's Export Strategy

    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.
     
    Listen Now 
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