Brown plans trade mission to Asia | News Radio 1190 KEX

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Governor Kate Brown today announced details of Oregon’s upcoming trade mission to South Korea and Japan, focused on promoting foreign investment and business expansion in Oregon as the two countries fully reopen to tourism, trade and business travel. Governor will lead mission Oct. 14-26, 2022 and will be joined by Oregon leaders representing agriculture, tourism, higher education, apparel, technology and manufacturing . The Governor will also visit Oregon’s sister state in Japan, Toyama Prefecture.

“As many states seek to expand business opportunities as Asia begins to fully reopen, we know Oregon’s businesses, products, and tourism opportunities are second to none. Oregon has strong relationships with South Korea and Japan, built on decades of trade and shared values ​​of economic growth, environmental stewardship and a desire for a better future. said Governor Kate Brown. “As we celebrate these partnerships and the successes they have brought to growing Oregon’s exports and expanding business development in our state, we are planting the seeds of the future for the next chapter of the growth of our economy.

Asian trade and tourism are key drivers of Oregon’s economy and job growth. South Korea is a key and growing export market for Oregon, and Japan is one of Oregon’s largest foreign investors. South Korea and Japan are Oregon’s fourth and sixth largest markets for all export goods, respectively, and two of the top markets for the state’s agricultural exports. Together, they represent 11% of Oregon’s $29.9 billion global export market.

Over the past five years, Oregon has ranked seventh in the United States for the strongest export growth, with significant growth of 37%. During the pandemic, Oregon was one of only six states in the country to see positive export growth between 2019 and 2020. Nearly 6,000 Oregon companies export internationally and 83,000 jobs in Oregon are supported by exports. Travel and tourism in Oregon is a $10.9 billion industry that directly employs 100,000 Oregonians and generates $1.2 billion in state and local tax revenue.

As part of the delegation, the Governor invites companies representing agriculture, food and beverage, apparel and technology. Together, these companies will explore export opportunities with Korean and Japanese distributors and retailers.

The companies are part of Governor Brown’s delegation of public and private sector leaders, including representatives from Business Oregon, the Oregon Department of Agriculture, Travel Oregon, the University of Oregon and from the port of Portland.

As part of the trade mission, the Governor will lead several business development meetings, host women’s leadership forums, meet with government leaders, promote tourism in Oregon, and work to strengthen trade. She will also meet with representatives of the Korean and Japanese governments and representatives of the American embassies in each destination.

Source: Oregon Governor’s Office

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