Missouri's First-Ever Trade Agreement Established With Ontario

By KOLR10 News

Published 03/06 2014 04:04PM

Updated 03/06 2014 04:12PM

State of Missouri signs first-ever trade agreement with province of Ontario
State of Missouri signs first-ever trade agreement with province of Ontario
JEFFERSON CITY, Mo. – During a trade mission to Canada, Gov. Jay Nixon announced the state’s first-ever trade agreement with the province of Ontario on Thursday.

The agreement establishes a comprehensive framework for future trade, collaboration and economic growth between Missouri and Ontario, which is Canada’s largest province by population, according to a statement from Nixon.

“The global marketplace is getting flatter and more competitive every day, and that’s why we continue to take a proactive approach to increasing exports and investments,” Gov. Nixon said. “Ontario purchased $2.6 billion in Missouri goods last year, and today’s agreement sets a framework for more trade with this important market. As Missouri’s economy picks up steam, strengthening mutually beneficial ties with longtime trading partners like Ontario will help us continue to create good jobs for Missourians at home.”

The new agreement states that Missouri and Ontario will seek opportunities to expand collaboration, trade and investment and enhance regional and bi-national competitiveness.

On Wednesday, Nixon announced a $3.2 billion trade agreement with the province of Quebec with a plan to increase Missouri’s exports by 15 percent by 2018.

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