Exchange Database
Schwarzenegger leads group on trade mission to Asia
In September of 2010, Gov. Arnold Schwarzenegger flew to Asia with an entourage of about 30 state employees — most of their travel courtesy of a Chinese billionaire — to schmooze foreign officials and try to drum up trade. Among the goals of this mission, which begins with a private jet flight for the governor, is to encourage Asian builders to bid for work on California's high-speed rail line. The governor, and dozens of business leaders who are paying their own way to accompany him, will build relationships in a region whose citizens bought more than $27 billion in California exports last year and spent $1.3 billion visiting the state.
Outcomes:
The trade mission resulted in increased investments in California, including Hyundia Motor Group’s announcement that they will invest $1 billion in California, which will create 1,500 new construction jobs and provide Orange County with $273 million in total economic output. California also received financing offers from all three countries to build California’s high-speed rail.
Source:
Los Angeles Times
Government?:
Yes
Type of Exchange:
business
diplomatic
Partners:
California State Government
the Alibaba Group
Hyundia Motor Group
Sponsor(s):
the Alibaba Group
California Trade and Tourism Commission
Participants (Types):
California Governor Arnold Schwarzenegger, state employees of the governor's office, business leaders
Number of Participants:
30-50
Exchange Date:
Thursday, September 9, 2010
Continuing:
No
Image:
Level of Government:
state/provincial
Location:
China, Japan, South Korea
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