MO trade agreements with South Korea, Taiwan total $1.9B

Gov. Jay Nixon's trade mission to South Korea and Taiwan has resulted in agreements for Missouri to sell $1.9 billion in goods to consumers in the two countries during the next four years.

“These agreements to sell $1.9 billion in Missouri goods to consumers in these two key markets are another testament to the quality of Missouri products, and the effectiveness of our proactive approach," said Nixon, who left March 15 with a delegation of state and business officials, including state Sen. Jay Wasson, R-Nixa, state Rep. Lincoln Hough, R-Springfield, and representatives from Missouri State University.

In Seoul, South Korea, Missouri Department of Economic Development officials signed three trade agreements. The administration signed a $600 million agreement with the Korea International Trade Association and the Korea-U.S. Economic Council and another agreement valued at $600 million with the Korea Importers Association. A third agreement, the value of which wasn't listed in the release, was signed with the Korea Small & Medium Business Corp., according to a news release.

In the Taiwanese capital of Taipei, the Missouri Department of Agriculture signed a $200 million agreement with the Taiwan Feed Industry Association, and the DED came to an agreement valued at $500 million with the Taiwan External Trade Development Council.

Nixon spokesman Scott Holste said state officials' travel expenses were paid for by the Hawthorn Foundation.[[In-content Ad]]