Monday, January 26, 2015
Davis Motor Sales banner ad
Posted on 2/2/14

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 2015 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.

2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013

Most Read This Week

January 23, 2015 7864

Local Church's Faith Restored; 71 Souls Saved…

in Video by Gary Gates, SurfKY News
January 22, 2015 6875

Nortonville Man Accused of Selling Drugs near…

in Local (Hopkins) Top News by Madisonville Police Department/Hopkins County Jail
January 20, 2015 6834

Bridal, Prom, Pageant Expo Planned for February…

in Hopkins News by Dana Brown
January 23, 2015 5477

Parents Face Charges after Marijuana Joint Falls…

in Local (Hopkins) Top News by Madisonville Police Department/Hopkins County Jail
January 21, 2015 5445

KYDOT Pre-Treating Roads Thursday in Antipation…

in Top News For All Sites by Keith Todd
January 22, 2015 4968

MCEA Head: Further School Mergers Might Ease…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
January 21, 2015 4740

Man Arrested after Allegedly Nodding off on Baby…

in Local (Hopkins) Top News by Madisonville Police Department/Hopkins County Jail
January 23, 2015 4176

Nortonville Woman Charged for Meth Possession

in Local (Hopkins) Top News by Hopkins County Sheriff's Office/Hopkins County Detention Center

Most Read This Month

January 08, 2015 20397

Woman Claiming to be 'Lady Gaga' Tours Town in…

in Top News For All Sites by Madisonville Police Department
January 15, 2015 20060

UPDATE: Fatality Victim's Name Officially Released

in Top News For All Sites by Doreen Dennis, SurfKY News

Stories Trending Today

January 25, 2015 3367

Dean’s List Announced

in Top News For All Sites Touching Hopkins by Joyce Riggs
January 25, 2015 1804

UPDATE: Two Die, Two Injured in Two-Vehicle…

in Local (Owensboro) Top News by Dispatcher Dustin Staves
January 25, 2015 945

Kynect Enrollment Climbs as Countdown to Feb. 15…

in General News For All Sites by Office of the Governor
January 25, 2015 909

Juvenile Hit by Vehicle at McDonald's

in Local (Muhlenberg) Top News by GPD Officer Wes Miller
January 25, 2015 882

Market Commentary - Jan. 25, 2015

in Top News For All Sites by Randall L. Franklin
January 25, 2015 811

Dave Says - Jan. 25, 2015

in General News For All Sites by Dave Ramsey
January 25, 2015 704

March 20-22 Women's Retreat: 'Holiness in Family…

in Owensboro News by Jennifer Kaminski
January 25, 2015 697

Outdoor Truths - Jan. 25, 2015

in General News For All Sites by Gary Miller
January 25, 2015 688

Legislator's Log - Week of Jan. 25, 2015

in General News For All Sites by Brent Yonts
January 25, 2015 361

MCCH Offers Free Screenings at the Love Your…

in Local (Lakes) Top News by Kyser Lough
January 25, 2015 300

Winners of Teen Spirit 2015

in Local (Paducah) Top News by Yeiser Art Center
January 25, 2015 299

Two Arrested for Trader Baker Robbery

in Local (Owensboro) Top News by Deputy Pearre