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Friday, September 13, 2019
Program is committed to increasing Michigan’s exporting opportunities by helping businesses identify and enter promising international markets
LANSING, Mich. – Business leaders from five Michigan companies will join Automation Alley and the Michigan Economic Development Corporation on a trade mission to Guangzhou and Shenzhen, China and Bangkok, Thailand to better understand these markets and meet with qualified buyers interested in Michigan products. The mission will take place September 13 through 20.
Automation Alley is coordinating the trade mission in partnership with the Michigan Economic Development Corporation’s International Trade Program. The program is committed to increasing Michigan’s exporting opportunities by helping businesses identify and enter promising international markets. Since its inception in 2012, the International Trade Program has worked with Michigan companies to support more than $3 billion in export sales and 14,090 jobs across the state. Top reported countries for export sales include Mexico, Canada, China, the United Kingdom, and Germany.
“In today’s rapidly changing and interconnected world, the value of building and strengthening relationships with other countries is more important than ever,” said MEDC CEO Jeff Mason. “Trade missions like this one open doors for companies by helping them identify and enter into new relationships in foreign markets. These companies will have an opportunity to reach new customers in two important markets.”
China remains Michigan’s third largest export market, with $3.5 billion of goods and services sold in 2018. U.S. good exports to China in 2018 were $120 billion. In Thailand, U.S. export sales reached $12.5 billion in 2018, an increase of more than 30 percent in the past decade. China and Thailand continue to be promising markets for Michigan goods and services. In fiscal year 2018, export sales facilitated by the MEDC International Trade program totaled more than $102 million in goods and services to China and $2.3 million to Thailand.
“Automation Alley’s trade mission program is world class and results-driven. What makes our export assistance unique is that our team takes care of every detail for the participating companies before, during and after the mission, putting them on the path towards success in the global marketplace,” said Tom Kelly, Automation Alley’s executive director and CEO. “They are meeting the right people, learning from the experts and saving time and money.”
Mission participants will benefit from matchmaking meetings, networking events, and logistical support from the Michigan China Center and the U.S. Commercial Service in Thailand. There will be an in-country briefing with U.S. Commercial Service, the American Chamber of Commerce, and other experts in Guangzhou as well as Bangkok. The participating companies are:
Automation Alley is a nonprofit manufacturing and technology business association and Michigan's Industry 4.0 knowledge center, with a global outlook and a regional focus. They connect industry, academia, and government to fuel Michigan's economy and accelerate innovation. Automation Alley offer programs and services in business growth, entrepreneurship, talent development, defense, and international business, providing resources and knowledge to help their members grow and prosper in the digital age.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
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