Missouri signs $750 million export agreement with Colombia
Missouri signs $750 million export agreement with Colombia
Photo Source: governor.mo.gov
The country of Colombia has signed a $750 million bi-lateral export agreement with the state of Missouri, agreeing to trade a combined $750 million worth of product in the next 5 years. This week during Governor Jay Nixon’s trade mission in South America, the agreement was officially announced and signed with Missouri’s 27th largest trading partner, Colombia. This agreement was signed by the National Business Association of Colombia and Missouri Department of Economic Development.
The largest categories of Missouri products exported to Colombia are: chemicals, non-electrical machinery, food, and electrical equipment and appliances.
Gov. Nixon is now heading to Peru, Missouri’s 42nd largest export partner, to sign a bi- lateral agreement with Missouri, as well.
The Governor has led successful trade missions to China (October 2011); Brazil (April 2012); the Republic of China (Taiwan) and the Republic of Korea (March 2013); western Europe (June 2014, March 2015 and June 2015); eastern Canada (March 2014); and western Canada (August 2015).
Read what our Scarbrough Team has to say:
Colombia has been a loyal US ally for a long time. It is great to see that Missouri is tightening this relationship and taking the initiative to sign this commercial agreement. This agreement will bring more business and jobs to Missouri and will also give the opportunity for residents in Missouri to know more about Colombia.
This is the beginning for a long relationship and great opportunities for companies in Missouri to increase exports, not just to Colombia but other countries in Latin America.
~ Juan Larrea, International Sales Executive
“The United States continues to be the most important destination for Colombian exports. Therefore, the recent trade agreement signed between Missouri and Colombia would be very beneficial for Colombia’s growing economy. Colombia is a strong economic force in the region and it is adding even more value by continuing to implement new FTA’s.
As a native Colombian, I am very excited to see how the government continues to provide business resources and tools for to increase growth. This new agreement is an open door, full of opportunities for many businesses both here in the United States and Colombia. I cannot wait to see what this new alliance will unfold for both countries in the upcoming 5 years .”
~ Lina Baquero, Import Operations
