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Missouri Governor Nixon Closes Agreements to Sell $1.9 Billion in Missouri Goods to Korea and Taiwan

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Governor Nixon Closes Agreements to Sell $1.9 Billion in Missouri Goods to Korea and Taiwan
SEOUL, Republic of Korea, (, March 21, 2013 - Gov. Jay Nixon announced today that his trade mission to the Republic of Korea and the Republic of China (Taiwan) had resulted in agreements to sell a total of $1.9 billion in Missouri goods to Korean and Taiwanese consumers over the next four years.

"More Missouri goods sold to consumers overseas means more good jobs for Missourians back home. That is why we have worked hard from day one to help Missouri businesses and farms export their products in every corner of the globe," Gov. Nixon said in a release. "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."

In Seoul, Gov. Nixon witnessed the signing of three trade agreements between the Department of Economic Development and trade organizations in the Republic of Korea. The first agreement was with the Korea International Trade Association and the Korea-U.S. Economic Council and is worth $600 million. The second agreement, also valued at $600 million, was with the Korea Importers Association. The administration also signed an agreement with the Korea Small & Medium Business Corporation.

While in Seoul, the Governor met with Minister of Foreign Affairs Yun Byung-se; U.S. Ambassador to the Republic of Korea Sung Kim; Vice Governor Bae Yong-tae of Jeollanamdo Province, Missouri's Sister State in Korea; and the Chairman of the Korea Chamber of Commerce and Industry, KS Sohn. The delegation also met with in-country executives from Monsanto and Boeing. On Thursday, after meeting with the University of Missouri Korean Alumni Chapter, the Governor and First Lady were joined by soldiers of the Missouri National Guard for a wreath-laying ceremony at the Korean War Memorial.

Missouri Governor Jay Nixon
Missouri Governor Jay Nixon

Governor Nixon Closes Agreements to Sell $700 Million in Missouri Goods to Taiwanese Consumers
SEOUL, Republic of Korea, (, March 19, 2013 - Gov. Jay Nixon has announced that the state of Missouri had closed agreements with trade organizations in the Republic of China (Taiwan) to sell $700 million in Missouri goods to Taiwanese consumers over the next four years.

The Governor, leading a delegation of Missouri businesses, commodity groups and higher educational institutions, plans to close additional export agreements in the Republic of Korea, where the delegation arrived today.

"Exporting more Missouri-made and Missouri-grown products around the globe has been a top priority of my administration from day one for a simple reason: it creates jobs and strengthens our economy at home," Gov. Nixon said in a release. "Today, with businesses hiring and our unemployment rate far below the national average, these agreements to sell $700 million in Missouri goods to consumers in Taiwan will help us build on this momentum and continue moving our economy forward."

In Taipei, Gov. Nixon's administration signed agreements with two Taiwanese trade organizations to sell $700 million in Missouri goods to Taiwan over the next four years: a $200 million agreement between the Missouri Department of Agriculture and the Taiwan Feed Industry Association, and a $500 million agreement between the Missouri Department of Economic Development and the Taiwan External Trade Development Council. The Governor also met with government officials and with Taiwanese importers of Missouri products.

For businesses taking part in the delegation, this exports mission has offered unique opportunities to pursue and close agreements with new customers. For example, Garden City-based NeCo Seeds closed two deals that will expand the availability of Missouri soy products throughout Taiwan, signing new distribution agreements with two major Taiwanese food distributors. The delegation visited one of NeCo Seeds' retail stores in Taipei on Sunday.

Gov. Nixon has made creating opportunities for Missouri businesses to sell their products around the globe a top priority. The Governor led successful trade missions to China (October 2011) and Brazil (April 2012), which resulted in agreements to sell $4.6 billion in Missouri goods to Chinese consumers, and the state's first-ever trade agreement with the State of São Paulo, Brazil's financial capital. The past two calendar years, 2011 and 2012, were the best on record for export sales by Missouri businesses, with a total of $28 billion in Missouri-made goods sold around the world.

To continue this momentum, the Governor's Fiscal Year 2014 budget calls for $2.3 million in funding to help businesses identify and access new export opportunities and to expand the state's presence in emerging markets around the world.

Arch Grants Receives Donation from Wexford Science & Technology
ST. LOUIS, MO, (, March 19, 2013 - Arch Grants, the global startup competition that provides $50,000 non-dilutive grants to early stage ventures, has announced a donation of $100,000 by Wexford Science & Technology.

Wexford Science & Technology, a private real estate and development company, is renovating the second phase of CORTEX's 190,000-square-foot historic Heritage warehouse property. Located at Duncan and Boyle avenues in the Central West End, the facility is being converted into lab and office space for biotech and medical companies.

"This contribution shows the confidence Wexford Science & Technology has in continuing to build the growing St. Louis life sciences community,/; said Sarah Spear, executive director of Arch Grants. /;Their contribution will help fund the winners of the 2013 Arch Grants Global Startup Competition."

This donation will be used to fund grants for two Global Startup Competition Winners.

"The innovation community is well aware of the vital role St. Louis plays in areas such as healthcare, life sciences and biotechnology," said Dan Cramer, executive vice president at Wexford Science & Technology. "We are delighted to be part of this innovation and entrepreneurial spirit and the impact it has on St. Louis."

See related story: Wexford Expands Into CORTEX District With Purchase and Rehabilitation of Historic Heritage Building

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