Missouri Signs Agreement to Increase Exports to Québec

By Matt Lupoli | mlupoli@kolr10.com, KOLR10 News

Published 03/05 2014 01:54PM

Updated 03/05 2014 10:13PM

JEFFERSON CITY, Mo. – Gov. Jay Nixon announced an agreement between Missouri and Québec to sell $3.2 billion in Missouri goods Wednesday.

According to a statement from Nixon’s office, the Show-Me State’s exports would increase by 15 percent by 2018 as part of the agreement.

"Today, 96 percent of the world's consumers live outside of the United States. That's why one of the key initiatives for economic growth was to create a best-in-class foreign initiative," Nixon said during the announcement in Canada.

Several state officials and business leaders joined Nixon on the trade mission, including a representative from Springfield's own Custom Metalcraft. The business produces stainless steal products for the food, chemical, manufacturing, energy and pharmaceutical industries.

"It's pretty simple, selling more Missouri products across the globe creates more jobs for Missourians at home," Nixon said.

The agreement calls for the state and the province to expand bilateral trade and investments in several areas over the next four years, including aerospace, agricultural products, advanced manufacturing and life science products.

Missouri’s top exports to Canada in 2013 were transportation equipment ($1.5 billion), chemicals ($624 million), machinery ($438 million), and food products ($352 million).

Last year, Canada purchased $4 billion in Missouri goods, led by the provinces of Ontario ($2.6 billion) and Québec ($700 million). Canada exports about $3 billion in goods to Missouri each year.

The agreement was signed by Québec’s Minister of Industrial Policy, Élaine Zakaïb, and Missouri’s Director of Economic Development, Mike Downing.

The trade mission is all part of the governor's Export Missouri initiative, which has led to similar agreements in China, Korea, Brazil and other countries.

For more information about expanding export opportunities for Missouri businesses, visit www.mo.gov.

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