China, Madison County port agreement could increase trade

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Issue: 1167 Date: 1/3/2013 Become A Fan, Like St. Louis Chinese American News
China, Madison County port agreement could increase trade

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Officials open the Yangtze-Mississippi Conference in Wuhan China in October. Officials from the Tri-City Regional Port District and Wuhan New Port signed a cooperative agreement at the conference.

An agreement made in November between the port district of central China and Madison County could pave the way for new businesses and trade opportunities for both regions. The Tri-City Regional Port District's America Central Port property in Granite City is partnering with the Wuhan New Port in central China, the St. Louis Post-Dispatch reports. The partnership will also allow China to learn more sustainable practices at its Wuhan facility. According to figures from the state Department of Commerce and Economic Opportunity, Illinois reported $26.9 billion in total trade with China in 2011. Illinois exported $3.9 billion worth of goods and imported $23 billion in Chinese goods.


Dennis Wilmsmeyer (left), executive director of the Tri-City Regional Port District, signs a cooperative agreement with Zhang Lin, director of Wuhan New Port, in Wuhan, China, last month.	Frank Miles (second from left) and Dennis Wilmsmeyer (third from right) of the Tri-City Regional Port District meet with Chinese officials at COSCO, one of China's largest international shipping companies in Nanjing, China. The meeting, part of a trade trip, was aimed at cultivating Chinese investment and business interests at the America's Central Port in Granite City.


A view of container gantries at the Wuhan New Port in central China. The Wuhan port is partnering with the America's Central Port property in Granite City to exchange "green port" initiatives as well as cultivate Chinese business investment at the Tri-City Regional Port District.

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