Governor Closes $4.4 Billion Trade Agreement with China

6 years 6 months 4 weeks ago Monday, October 24 2011 Oct 24, 2011 Monday, October 24, 2011 12:42:00 PM CDT October 24, 2011 in News
By: Danielle McCarthy
loading

JEFFERSON CITY - During a conference call from China with reporters Monday morning, Gov. Nixon announced he sealed a $4.4 billion trade agreement between the Missouri Department of Economic Development and the China Council for the Promotion of International Trade. The Governor said the agreement would increase trade between Missouri and China by more than $1 billion a year between 2012 to 2014.

Nixon said Missouri exported $987.4 million worth of goods to China in 2010. China is Missouri's third largest export market with some of the main exports being agricultural products, electrical equipment, copper and lead.

Some of Missouri's farming industry leaders said they look forward to the deal's impact.  Missouri Farm Bureau President Blake Hurst says most economists agree about 8,000 to 9,000 jobs are created domestically for every $1 billion increase in trade. 

Both Hurst and Matthew Alsager with the Missouri Soybean Association say the increase in exports will drive supply, demand and price up. And while the price of the comodities being exported is expected to increase, Hurst and Alsager said the domestic consumer will not suffer. 

Nixon said he will also meet with aviation leaders in China to discuss increasing the number of flights between China and St. Louis. He said the controversy over the China Hub bill among legislators did come up, but it did not negatively impact the trade agreement.

 

Related Stories

More News

Grid
List
JEFFERSON CITY - With the holiday weekend approaching, Mothers Against Drunk Driving (MADD) and Save Our Air Medical Resources (SOAR)... More >>
1 hour ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 1:28:00 PM CDT May 24, 2018 in News
JEFFERSON CITY (AP) — The Latest on the investigation of Missouri Gov. Eric Greitens (all times local): 11:10... More >>
3 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 11:31:00 AM CDT May 24, 2018 in News
JEFFERSON CITY - A statewide program bringing together prisoners and puppies is celebrating a major milestone. A four-month-old redbone... More >>
4 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 10:15:00 AM CDT May 24, 2018 in News
WASHINGTON (AP) — President Donald Trump says he thinks Kim Jong Un wants to do "what's right" but says it's... More >>
4 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 10:09:00 AM CDT May 24, 2018 in News
RANDOLPH COUNTY - A Huntsville man pleaded guilty to murder on Tuesday and received a life sentence with no chance... More >>
6 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 8:37:00 AM CDT May 24, 2018 in News
BUNNIK, Netherlands (AP) — An international team of investigators said Thursday that detailed analysis of video images and photos... More >>
8 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 5:58:00 AM CDT May 24, 2018 in News
JEFFERSON CITY - Potentially more than one thousand Missourians could lose their hunting, fishing and trapping licenses after a Department... More >>
12 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 2:27:00 AM CDT May 24, 2018 in News
NEW YORK (AP) — A federal judge ruled Wednesday that President Donald Trump is violating the First Amendment when he... More >>
19 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 7:10:00 PM CDT May 23, 2018 in Continuous News
ST. LOUIS (AP) — A federal district court in St. Louis has ruled that the Missouri prison system must... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:48:22 PM CDT May 23, 2018 in News
MID-MISSOURI - If you look at the forecast you can easily tell that summer is here early. Don't forget that... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:43:00 PM CDT May 23, 2018 in Weather
JEFFERSON CITY - A new report by the Missouri Chamber of Commerce identifies challenges in the Missouri workforce. The... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:41:00 PM CDT May 23, 2018 in News
(CNN) - NFL players must stand during the National Anthem this season, team owners decided Wednesday, a reaction to fierce... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:36:38 PM CDT May 23, 2018 in News
JEFFERSON CITY - Temperatures are rising, and one expert says animals need more attention when tethered outside. "Heat exhaustion... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:07:00 PM CDT May 23, 2018 in News
COLE COUNTY - Cole County deputies say a man accused of having pipe bombs was cooperative when they asked to... More >>
23 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:54:00 PM CDT May 23, 2018 in News
HALLSVILLE - The NRA Bianchi Cup happens every year in Missouri, however this year, embattled Gov. Eric Greitens made an... More >>
23 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:40:00 PM CDT May 23, 2018 in News
COLUMBIA - The Columbia Police Department wants feedback from residents on its community policing initiative. A meeting Wednesday gave people... More >>
23 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:25:00 PM CDT May 23, 2018 in News
JEFFERSON CITY - The House Special Investigative Committee continued reading the transcript of the testimony of the woman involved in... More >>
23 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:12:00 PM CDT May 23, 2018 in News
JEFFERSON CITY- A revision to Missouri's amateur sports tax credit program could bring more sporting events to Mid-Missouri. The... More >>
23 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:04:00 PM CDT May 23, 2018 in News
Columbia, MO
Broken Clouds 82°
3pm 87°
4pm 87°
5pm 86°
6pm 86°