This Week: Kentucky Takes Trade Mission to Canada
Kentucky Gov. Steve Beshear and nearly two dozen Kentucky companies and several trade partners will make stops in Montreal and Toronto this week. This first Kentucky Export Initiative (KEI) trade mission seeks to increase commerce between Kentucky and Canada.
Kentucky’s business ties to Canada play a major factor in the commonwealth’s economy, with an estimated $11 billion in bilateral trade between Canada and Kentucky. Canada is Kentucky’s No. 1 trade destination, with $7.3 billion in Kentucky products and services exported to Canada in 2012. Overall, Kentucky’s exports to 199 nations in 2012 totaled $22 billion, setting an all-time record.
“This trade mission is an outstanding opportunity for Kentucky businesses – even those that have never exported – to connect with potential partners in Canada and explore possibilities for selling our products to our neighbors across the border,” says Dave Adkisson, president and CEO, Kentucky Chamber of Commerce. “There is a reason Canada is Kentucky’s No. 1 trading partner. And we can build on that relationship by going up there, telling them what we have to offer and learning more about what products and services Canada needs from us.”
Gov. Beshear created KEI to bring together agencies and organizations to help facilitate international trade opportunities for Kentucky businesses. Comprised of government entities, business organizations and trade experts, the KEI partnership includes the Cabinet for Economic Development, the Kentucky Chamber of Commerce, Kentucky Association of Manufacturers (KAM), World Trade Center Kentucky and Kentucky Association for Economic Development (KAED).
Illustration by Stuart Miles at Free Digital Photos.net
Compiled from Kentucky Cabinet for Economic Development press materials.