50 Local Biz Leaders to Join Dayton on China Trade Mission

By May 31, 2012 November 19th, 2012 Company Info, News

Courtesy of http://tcbmag.blogs.com

Fifty local business leaders will accompany Governor Mark Dayton on his June trade mission to China, which is Minnesota’s second-largest export market.

Governor Mark Dayton will be joined next month by 50 local agricultural, industrial, and academic leaders on his trade mission to China.

The group will include representatives from large Minnesota-based companies, including 3M, Best Buy, and Medtronic, as well as local trade groups like the Minnesota Pork Growers Association and the Minnesota Milk Producers Association.

“China is a growing market for Minnesota manufacturers, service providers, and agribusinesses,” Dayton said in a statement. “Building relationships with Chinese leaders, expanding markets for Minnesota products, and encouraging reverse investment are all aimed at growing our state’s economy and creating more jobs for Minnesotans.”

China is Minnesota’s second-largest export market: The country received $2.3 billion in Minnesota exports last year. China accounts for more than 25 percent of all agricultural exports from Minnesota.

Minnesota Agriculture Commissioner Dave Frederickson said in a statement that the state’s agricultural exports to China have increased 800 percent during the past decade. “China’s the top buyer and the main market for Minnesota soybeans and a growing market for our pork,” he said.

The delegation will meet with high-ranking Chinese executives and government officials in Beijing, Shanghai, and Xian. Some of their objectives include exploring new trade opportunities, gaining potential business contacts and partners for Minnesota companies, and attracting Chinese investment in Minnesota.