Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Davis Motor Sales banner ad

Gov. Beshear to Lead Kentucky Export Initiative Trade Mission to United Kingdom

steve beshear_300FRANKFORT, Ky. (2/8/14) – Governor Steve Beshear recently announced he will lead a Kentucky Export Initiative trade mission to the United Kingdom.

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.

Kentucky exported more than $1.6 billion in products and services to the United Kingdom last year, a more than 20 percent increase from 2012.

Top exports include aerospace and pharmaceuticals products.

Kentucky exports to the United Kingdom have played a key role in boosting the Commonwealth’s economy.

In the first 11 months of 2013, Kentucky’s exports of products and services to the United Kingdom generated $839 million for Kentucky’s GDP, supported more than 10,000 jobs in the Commonwealth, and created $69 million in state and local taxes for Kentucky.

Kentucky tourism officials will participate in the trip and visit media, tour operators and others to discuss tourism opportunities in Kentucky. Tourism has a $12.2 billion annual economic impact in Kentucky. 

The trip follows another record export year for Kentucky in 2013.

Exports of Kentucky-made products and services during the first 11 months of 2013 totalled a record $23 billion.

Kentucky exports to approximately 199 nations, and the United Kingdom consistently comes in as the third largest destination for Kentucky products and services behind only Canada and Mexico.

The visit will be KEI’s second trade and investment mission. Beshear led a delegation to Canada in June 2013.

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.

Companies interested in participating in the trade mission are encouraged to act quickly due to limited spacing.

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.”

SurfKY News
Information Provided by Office of the Governor






 

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

button coupons
button classifieds

In Other News...

Happenings and Meetings - Hopkins County

HOPKINS COUNTY, Ky. (12/20/14) — The following meetings and events are scheduled for the following week: Poppy and… Read More

John James Audubon State Park Scheduled Events

HENDERSON, Ky. (12/20/14) — The following events are schedule for January and February 2015: January 2015 "Fabulous… Read More

Most Read This Week

December 16, 2014 10457

Coal Miner Fatally Injured in Underground Mining…

in Top News For All Sites by Dick Brown
December 14, 2014 9029

Muhlenberg Pays Homage to U.S. Armed Forces

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
December 17, 2014 7388

Elderly Couple Found Shot to Death in Muhlenberg

in Local (Muhlenberg) Top News by Trooper Stu Recke
December 17, 2014 6711

Three Men Charged with Burglary

in Local (Hopkins) Top News by Madisonville Police Department
December 15, 2014 5041

Hopkins County Woman Charged Second Time in Two…

in Local (Hopkins) Top News by Charles W. Riley II, SurfKY News
December 15, 2014 4504

Woman Leads Police on High-Speed Chase in Stolen…

in Local (Hopkins) Top News by Madisonville Police
December 19, 2014 4180

Dawson Springs Man Charged with Sexual Abuse of…

in Local (Hopkins) Top News by Detective Sean McCance
December 18, 2014 4042

Cat Scratching over Dog Ownership Escalates

in Local (Hopkins) Top News by Amber Averitt, SurfKY News
December 19, 2014 3970

Armstrong Mine to Layoff 39 by End of Day

in Top News For All Sites by Rita Dukes Smith, SurfKY News Director
December 19, 2014 3773

Woman Flown to St. Mary's after Two-Car Collision

in Local (Hopkins) Top News by Trooper Stu Recke

Stories Trending Today

December 19, 2014 4180

Dawson Springs Man Charged with Sexual Abuse of…

in Local (Hopkins) Top News by Detective Sean McCance
December 19, 2014 3970

Armstrong Mine to Layoff 39 by End of Day

in Top News For All Sites by Rita Dukes Smith, SurfKY News Director
December 19, 2014 3773

Woman Flown to St. Mary's after Two-Car Collision

in Local (Hopkins) Top News by Trooper Stu Recke
December 19, 2014 3220

Vehicle Explodes into Flames on Pride Avenue

in Local (Hopkins) Top News by Gwen Smith
December 19, 2014 3106

Vehicle Fire Causes Traffic Back-Up on Pennyrile

in Local (Hopkins) Top News by Doreen Dennis
December 19, 2014 1774

Muhlenberg District Court Fines Handed Down

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
December 19, 2014 1628

Madisonville Police Arrest Reports - Dec. 19, 2014

in Hopkins News by Madisonville Police Department
December 19, 2014 1466

Hopkins County Sheriff's Reports Released

in Hopkins News by Sheila Hopper
December 19, 2014 1379

KSP Post 2 Trooper Honored for DUI Enforcement…

in Top News For All Sites Touching Hopkins by Trooper S. C. Recke
December 19, 2014 1263

Pennyrile Narcotics Task Force Obtains Multiple…

in Local (Hopkinsville) Top News by Lori Blakeley

SurfKY News Group, Inc.
Corporate Office & Studio
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social fbsocial twsocial yt
social gpsocial flrsocial rss