Governor, Vietnamese Official Sign Trade Memo
Gov. Asa Hutchinson signed a memorandum of understanding with Vietnam’s Dong Nai Province Monday, June 29th, at the state capitol. For Arkansas, the memo is largely ceremonial, but Hutchinson said it helps to build relationships with the province. “There’s increased opportunity to sell soybeans, rice and other great Arkansas agricultural products, but this agreement and understanding is also about manufacturing, it’s about investment, it’s about people and cultural relationships,” Hutchinson said.
On Tuesday a manufacturer based in the province, Tinnghia, will open a trade office in Bentonville. Tinnghia also is interested in opening a coffee plant in Arkansas, where beans shipped from Vietnam would be processed and sold.
Arkansas is the first state with which the province has signed an agreement. Hutchinson said he hopes to have an opportunity as governor to visit the province, which is in southeastern Vietnam, east and northeast of Ho Chi Minh City, and has a population of 2.7 million.
Speaker Boehner Sends TPA to the White House to Become Lawong>
On Wednesday, June 24, House Ways and Means Committee Chairman Paul Ryan (R-WI) and Trade Subcommittee Chairman Pat Tiberi (R-OH) joined House Speaker John Boehner (R-OH) for the enrollment of trade promotion authority legislation just passed by both the House and Senate. With the speaker’s signature affixed, the bill is now on its way to the White House for the president to sign into law. Along with Boehner, Ryan, and Tiberi, pictured below are Reps. Pete Sessions (R-TX), Ron Kind (D-WI), Jim Costa (D-CA), and Mike Quigley (D-IL).
Arkansas World Trade Center Sponsors Booth at Paris Airshow
Governor Asa Hutchinson and World Trade Center Arkansas President and CEO Dan Hendrix and Boon Tan Senior Director of Global Trade Strategy, opened the Arkansas booth at the Paris Air Show with a ribbon cutting on Monday, June 15. This is the first year for Arkansas to exhibit at the show, the world's largest aviation and aerospace trade show. The World Trade Center Arkansas is a major sponsor of the booth and recruited Arkansas companies to attend. The purpose of the trip is to promote trade and investment in Arkansas.