LANSING, Mich. – Gov. Rick Snyder has completed a 10-day investment mission to Asia, visiting business and government leaders in Tokyo and three cities in China. The governor expressed confidence in the trip and pointed to China’s burgeoning economy as one factor that could mean significant opportunities for Michigan businesses and, in time, more jobs for Michigan residents.
“In the globally interconnected world of today, China offers extraordinary opportunities for Michigan companies to grow,” Snyder said. “The 15 Michigan businesses that participated in the trade mission found potential new markets, distributorships and other business partnerships. The Chinese and Japanese companies and government officials we met with are eager to seek greater cooperation with Michigan.”
Snyder met with top executives from dozens of Chinese companies in meetings, business receptions and roundtables along with government officials in Shanghai, Chongqing, Tokyo and Beijing. He participated in tourism forums in Shanghai and Beijing to introduce Pure Michigan as a travel destination to Chinese media and tour operators.
Snyder also signed a memorandum of understanding between Michigan and Chongqing pledging to continue exchanges and explore expanded relationships, and he conducted a roundtable with key opinion leaders from the Chinese media to address the financial restructuring of Detroit. He also renewed the sister state agreement between Michigan and the Shiga Prefecture of Japan.
On his final day of the mission, Snyder gave opening remarks at the China International Auto Parts Expo (CIAPE), toured the expo and visited the Pure Michigan booth, where eight Michigan-based auto suppliers are exhibiting their products.
Concurrent with the governor’s investment mission, the Michigan Economic Development Corp. led business leaders from 15 Michigan companies to China to meet with prospective partners, distributors and buyers to increase export opportunities from Michigan to China. In addition to one-on-one meetings, this delegation came together with the governor’s delegation for several key events throughout the mission.
All told, the travels from Michigan to Asia and back spanned nearly 18,000 miles, including nearly 4,000 miles traveled through China and Japan.
It was Snyder’s sixth mission since taking office. He traveled to Israel in June to increase bilateral trade and investments, academic cooperation and strengthen Michigan’s relationship with the state of Israel. He opened the Michigan Trade Center and met with business leaders in Toronto and Canadian government officials in Ottawa in November 2012. He led a 10-day trade mission to China in September 2012, a seven-day mission to Italy and Germany in March 2012 and an eight-day trade mission to Japan, China and Korea in September 2011.
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