Missouri has signed a memorandum of understanding to boost trade with Quebec.
Speaking to reporters from Toronto on Wednesday, Gov. Jay Nixon said Missouri and Quebec signed an agreement to boost trade over the next four years by 15 percent. The agreement, according to a press release from Nixon’s office, was signed by Québec Minister of Industrial Policy Élaine Zakaïb and Missouri director of Economic Development Mike Downing.
Businesses that want to expand to new international markets or start exporting their goods for the first time are getting a boost from Gov. Jay Nixon's administration.
Nixon announced his "Export Missouri" initiative in St. Louis on Friday, at a luncheon honoring 20 years of the World Trade Center - St. Louis. The new program uses $2.3 million in state funding to open new trade offices in Canada and southeast Asia; offset the costs to companies of international trade shows or trade missions; and new online resources.
Missouri Gov. Jay Nixon has announced $1.2 billion in trade agreements to sell Missouri products to South Korea over the next four years.
Nixon said Thursday that the state had entered into compacts with the Korea International Trade Association, the Korea-U.S. Economic Council and the Korea Importers Association.
While in Seoul, Nixon also met with South Korean government officials and laid a wreath at the Korean War Memorial. The governor says recent threats of war by North Korea's government have not stopped commerce in the region or impacted daily activities.
Former Republican U.S. Senator for Missouri Kit Bond at the podium during the launch of his newest venture, Kit Bond Strategies, on Nov. 8, 2011. Bond will lead a delegation of St. Louis business leaders to China later in 2012.
Reporting from KSMU's Jennifer Moore used in this report.
As we mentioned this morning, Missouri Governor Jay Nixon will travel to Brazil this month on a trade mission. The trip comes on the heels of the news that Missouri saw its strongest year ever for exports in 2011.
So, what's the top priority for everyone? A package of tax credits affectionately known as "Aerotropolis," which would provide incentives for the creation of a hub for Chinese cargo at Lambert Airport.
This week, Sen. Claire McCaskill, D-Mo., introduced legislation aimed at cracking down on unfair trade practices and boosting manufacturing jobs in the state.
McCaskill says many Missouri companies have expressed frustration that an increasing number of foreign shippers are using unscrupulous and illegal tactics to avoid paying penalties they owe for illegal trade practices.
She says the legislation will help in pursuing and successfully collecting duties.
Senator Claire McCaskill says after a month of traveling to Missouri businesses she’ll introduce legislation to better enforce U.S. trade laws.
The Democrat says too many foreign companies are engaging in unfair trading practices, such as mislabeling products to avoid paying duties.
McCaskill says her bill will require all importers to have a physical address to ensure easier tracking and new shippers will be required to pay cash for duties instead of posting bonds that sometimes go unpaid.