The trade mission is set for May 11-16 and will focus on increasing commerce, promoting travel and tourism, and building business relationships between Kentucky and the United Kingdom.
The KEI delegation will make stops in London and Manchester.
“We do a tremendous amount of business with the UK, exporting more than a billion dollars in products and services a year, but there is plenty of room to grow,” said Beshear. “This trade mission will give Kentucky businesses the opportunity to have one-on-one meetings, build relationships to increase sales and explore one of Europe’s most established markets.”
Trip set for May 11-16 to Kentucky’s third largest export destination; businesses encouraged to register now.
The United Kingdom has the sixth-largest economy in the world, and with few trade barriers, it is a popular entry market into the European Union.
Top exports include aerospace and pharmaceuticals products.
Kentucky exports to the United Kingdom have played a key role in boosting the Commonwealth’s economy.
Exports of Kentucky-made products and services during the first 11 months of 2013 totalled a record $23 billion.
Beshear created the KEI to bring together agencies and organizations to help facilitate international trade opportunities for Kentucky businesses.
Comprised of government entities, business organizations and trade experts, the KEI partnership includes the Cabinet for Economic Development; Tourism, Arts and Heritage Cabinet; Kentucky Association of Manufacturers; World Trade Center Kentucky; Kentucky Association for Economic Development; the Kentucky Chamber of Commerce; U.S. Commercial Service; Kentucky Small Business Development Center; Bluegrass Economic Advancement Movement; Northern Kentucky International Trade Association; Commerce Lexington; Greater Louisville Inc. and the Bowling Green Area Chamber of Commerce.
For more information and to register, visit www.kyexports.com.
Some companies may be eligible for grant assistance for business and export development services through the Bluegrass Economic Advancement Movement’s (BEAM) Kentucky Export Promotion program.
More information on this program can be found at http://www.louisvilleky.gov/beam.
“The trade mission is a great opportunity for participants to take advantage of networking opportunities with government and industry leaders,” said Larry Hayes, secretary of the Cabinet for Economic Development.
“Kentucky has the potential to reap increasingly significant economic benefits from international visitors, and the UK continues to be a top target market,” said Bob Stewart, secretary of the Tourism, Arts and Heritage Cabinet. “Bourbon, horses and the great outdoors are especially appealing to this market of potential travelers, many of whom are well versed with the United States but are looking beyond the usual destinations they have been to in the past. The timing is perfect for us to see an increase in international visitors, especially from the UK.”
Information Provided by Office of the Governor
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