LANSING – Michigan has new agreements on automotive industry cooperation with China and several businesses have new customer and distributorship possibilities as a result of Governor Rick Snyder’s most recent trade trip to China.
This fourth trade mission to the most populous nation included visits to Beijing, Shenyang, Guangzhou, Shanghai, and Hangzhou and included opportunities to promote the state as a tourist destination as well as to develop new industrial agreements.
The Michigan Automotive Office has, as a result of the trip, memoranda of understanding with the Chinese Association of Automotive Manufacturers and the Chinese Council for Promotion of International Trade. The former commits to additional collaboration and the latter to conducting a U.S.-China Automotive Forum at both the North America International Auto Show and the Shanghai/Beijing Auto Show (the show alternates between the cities each year).
“In the globally interconnected world of today, China offers extraordinary opportunities for Michigan companies to grow,” Snyder said. “The nine Michigan businesses that participated in the trade mission found potential new markets, distributorships and other business partnerships. The Chinese companies and government officials we met with are eager to seek greater cooperation with Michigan.”
The agreements, Snyder said, could result in millions of dollars in new investment and thousands of jobs.
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