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Utah Deepens Bonds With Top Trade Partner
Date:9/13/2013

Salt Lake City, UT (PRWEB) September 13, 2013

Utah’s trade mission to China led by the Governor’s Office of Economic Development (GOED) had a successful opening on Monday, with multiple presentations, press conferences and business matchmaking meetings in Chengdu, a city located in southwest China with a population of over 14 million. As the trade mission continues throughout this week trade bonds between Utah and China will be strengthened.

The trade mission began with an informative briefing by Consul General Peter Haymond, and Benjamin Wang, Chairman of the American Chamber of Commerce in Southwest China. Their presentations centered on China’s current economic and political conditions, industry trends, and best practices. Highlighted were two U.S. companies who have already been conducting business in the area for some time and have seen significant growth in the Chengdu market.

Business matchmaking meetings are a key part of this trade mission, where participating Utah companies discuss business opportunities with potential Chinese partners. Matchmaking meetings help Utah companies’ grow their business in foreign countries, which in turn helps create jobs in Utah as companies export more products or services.

“In Chengdu, each of my meetings were very productive,” said David Utrilla, President and Chief Executive, U.S. Translation Company. “My goal for this trade mission was to explore doing business in China, and I am pleased that these companies are interested in establishing a formal working relationship and that this took such a short time to accomplish.”

Representatives from GOED held a tourism press conference and a foreign direct investment presentation on Monday as well to eager Chinese participants. International investment by Chinese firms is expected to increase dramatically over the next decade. The foreign investment seminar objective was to highlight some current projects and m
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