October 27, 2011
Gov. Nixon closes $100 million export agreement with Zhejiang Province; brings total export agreements closed this week to $4.6 billion
ZHEJIANG PROVINCE, China - Gov. Jay Nixon today closed another $100 million export agreement with the government of Zhejiang Province, paving the way for additional economic growth and job creation back home. This additional agreement follows on the deals finalized earlier this week with the provincial government of Hebei and the China Council for the Promotion of international Trade, bringing the total in export agreements closed during the Governor's trade mission to $4.6 billion.
"This week, we've opened new doors for more Missouri businesses to sell their goods to China, laying a firm foundation for job-creation and economic growth for our state," Gov. Nixon said. "Because of our state's outstanding workforce, infrastructure, educational system and other assets, Missouri is well-positioned to compete in the economy of the future. This extremely productive trade mission has been another solid step forward for Missouri."
In addition to the $100 million in export opportunities, the agreement with Zhejiang also calls for the provincial government to help facilitate $100 million in direct investment in Missouri businesses. Zhejiang is a province with a population of approximately 54 million people, located in the southeast corner of China.
The two provincial trade agreements are a part of Gov. Nixon's strategy of working directly with governors of other states, provinces and sub-national jurisdictions to promote Missouri exports and economic growth. Specifically in China, these agreements stem from a bilateral meeting between American and Chinese governors held at the National Governors Association (NGA) meeting earlier this year in Salt Lake City.
Earlier today, Gov. Nixon also toured the production facilities of Astronergy in Hangzhou, the capital of Zhejiang. Astronergy, a manufacturer of solar panels and arrays, is a business unit of The CHINT Group and a major business partner with MEMC, a Missouri company. The Governor helped facilitate a contract between CHINT and MEMC during an NGA meeting earlier this year in Salt Lake City.
Tomorrow morning, Gov. Nixon will address the American Chamber of Commerce and meet with the Mayor of Shanghai and private business leaders. Another Missouri business, Gastineau Log Homes, also will close a deal with a Chinese customer. The Governor and the delegation will return to Missouri on Saturday.
"This trade mission has been highly successful for Missouri as a whole and for the dozens of private businesses, commodity groups and other organizations that have joined us," Gov. Nixon said. "Missouri businesses will benefit from continued collaboration, competition and growth in the Chinese market for years to come."