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Issue: 1111 Date: 12/8/2011
Become A Fan, Like St. Louis Chinese American News
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Missouri lands another $200 million deal with China
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Missouri closed today (December 2, 2011) on a $200 million export and investment agreement with the Xinjiang Uygur Autonomous Region in China that will increase Missouri's exports to that area in northwestern China over the next three years.
Gov. Jay Nixon witnessed the signing of the agreement by David Kerr, the outgoing director of the Missouri Department of Economic Development, and Xu Bin, deputy secretary-general of the People's Government of Xinjiang Uygur.
The latest deal comes on top of $4.8 billion in agreements reached while Nixon was on a trade mission in China in October.
Last year, Missouri sold $987 million worth of goods to China, including copper products, lead, vet vaccines, electronics and agriculture products.
Elsewhere, efforts to build trade with China have slowed. For five weeks in a row, China has failed to keep its to land a weekly cargo plane at Lambert-St. Louis International Airport. As a result, Lambert Director Rhonda Hamm-Niebruegge says the airport will focus more attention on attracting cargo flights to and from Latin and South America.
During this year's special legislative session, lawmakers failed to pass $60 million in tax credits to help create a China trade hub at Lambert. |
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