About Louisiana’s Office of International Commerce
In recent years, the state has become a U.S. leader in foreign direct investment attraction and a key trade and investment destination for international companies. Louisiana provides a gateway to 38 interior states and grants manufacturers unmatched access to worldwide markets through the Gulf of Mexico. Additionally, the state has seven designated Foreign Trade Zones (FTZ), providing foreign companies with customs-free options for the import, manufacture or reshipment of goods.
The OIC team includes representatives throughout the world covering Canada, China, France, Germany, Austria, Switzerland, Japan, Mexico, South Korea, Taiwan and the United Kingdom. Together, the international team showcases Louisiana’s value proposition to potential investors and traders across the globe.
The STEP Grant program is designed to help Louisiana small businesses generate new export revenue and create or retain jobs resulting from sales to foreign markets.
“Among Korean petrochemical companies, Lotte Chemical is the first to locate a project in the United States; as such, this project represents a significant investment by Lotte Chemical. Today also marks the opening of our new corporate headquarters in Lake Charles, and we are very excited to be part of the industrial growth in the region.”
– President and CEO Jinkoo Hwang of Lotte Chemical USA, dedicating the company’s $3 billion Lake Charles project in May 2019