Trade office accepting applications for China trade mission
The Minnesota Trade Office is accepting applications for a trade mission to China led by Gov. Mark Dayton on June 8-17.
Delegates will travel with the governor to Shanghai, Beijing and Xian, meet with high ranking business leaders and government officials, attend networking events, and explore trade and investment opportunities.The goal of the mission is to gain market knowledge and business contacts, identify opportunities to increase exports and attract investment, support Minnesota’s existing business in China and promote Minnesota as a great place to do business.
Minnesota manufacturers exported $1.8 billion in products to China in 2010, an increase of 45 percent from the previous year. The top three industries were machinery ($506 million), computers and electronics ($442 million), and paper ($162 million). Another $1.35 billion in state agricultural commodities and related food products were sold to China in 2010, accounting for 27 percent of Minnesota’s total agricultural exports that year. Minnesota agricultural exports to China have jumped 800 percent in the past decade.
The cost of the China trade mission is estimated at $7,500 to $8,000 per person, including round-trip airfare, ground transportation, hotel accommodations, mission events and in-country assistance from the Minnesota Trade Office. Qualified small businesses accepted to participate in the mission will be eligible for reduced mission fees through the STEP Assistance for Small Business program, funded in part by the U.S. Small Business Administration and administered by MTO.
Companies or organizations interested in sending delegates on the trade mission should contact Li King Feng at Li.King.Feng@state.mn.us or 651-259-7484. Application materials and other details are available at www.tinyurl.com/ChinaTradeMission. The application deadline is March 15.