Trade Mission Connects Utah Companies to Opportunities in Mexico
Salt Lake City – Gov. Gary R. Herbert is leading a delegation of 27 Utah companies and organizations on a trade mission to Mexico City and Baja, California this week. As one of the U.S.’s top trading partners, Mexico offers tremendous opportunities for Utah Companies interested in expanding their business in Latin America.
“The trade missions to Mexico City and Baja provide Utah companies an opportunity to establish meaningful connections with potential customers and partners,” said Derek B. Miller, president and CEO of World Trade Center Utah. “Participants will learn first-hand how to grow their business by expanding into the Mexico market.”
The trade mission, spanning April 9-13, includes business visits, matchmaking meetings, networking receptions and Foreign Direct Investment luncheons. Additionally, participants will visit the sites of several Utah companies that have already benefited by expanding into Mexico markets.
“The trade mission to Mexico will help us strengthen our relationship and create more opportunities for Utah companies to launch global operations or expand existing global initiatives,” said Val Hale, executive director of GOED. “Previous trade missions have had an immediate impact on a number of Utah businesses and their international growth and expansion.”
Mexico was selected as a location for a trade mission because It is the second largest export market for U.S. goods and fourth largest for Utah goods. Utah Exports approximately $850 million to Mexico each year and is a growing trade hub for the Americas.
At $1.1 trillion annual GDP, Mexico is the 15th largest economy in the world. Mexico has the world’s 11th largest population with 124.5 million people. Its economic outlook is positive as major liberalizing reforms in the energy and telecommunications sector are opening new opportunities for private investment.
The trade mission, supported by WTC Utah, GOED, U.S. Commercial Service, the U.S. Small Business Administration and Deseret Management Corporation is comprised of private and public organizations from various industries.
Businesses participating in the trade mission to Mexico City and the trade mission to Baja:
Arbinger Institute
Campbell Scientific, Inc.
The Church of Jesus Christ of Latter Day Saints
Deseret Management Corporation
BomCom
Energy Network
ICON Health & Fitness
InnoSys, Inc.
Intermountain Farmers Association
Jimenez Consulting
Law Offices of Thomas N Jacobson
Niivatech, Inc.
Optisys
Owlet Baby Care, Inc.
ParityPay Inc.
Radiant Works
ROTA Science
Spire Ranges
Carbon 2 Fuel and Michael Best Strategies
Summit Medical Products, Inc.
TaskEasy
U.S. Mexico Chamber of Commerce
Utah Department of Agriculture and Food
Utah Farm Bureau Federation
Utah Manufacturers Association
Utah Office of Tourism
USTAR
About World Trade Center Utah (WTC Utah)
The mission of World Trade Center Utah is to promote prosperity across the state by attracting investment and increasing exports. WTC Utah accomplishes this mission through three key objectives. First is to help Utah companies add customers, increase revenue and create jobs by selling internationally. Second is to promote Utah as a premier destination for international companies to establish operations and create jobs. Third is to expand Utah’s global position by hosting foreign dignitaries and leading Utah delegations abroad
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Gov. Gary R. Herbert’s commitment to statewide economic development. The state’s economic vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business environment and tourist destination. GOED provides extensive resources and support for business creation, growth and recruitment statewide, as well as programs to increase tourism and film production for the benefit of Utah residents. All administered programs are based upon strategic industry clusters to develop a diverse, sustainable economy. GOED accomplishes its mission through unprecedented partnerships. For more information please contact: Aimee Edwards, (801) 538-8811 or edwards@utah.gov.
