The executive director of the Georgia Ports Authority says the state is likely to see a drop in exports as Asia’s economy begins to slow down. This comes on the heels of what had been a record rise in some exports.
Georgia will open a second trade office in China. Governor Nathan Deal made the announcement from Beijing on Wednesday. Deal and his economic development team are in the midst of a six-day, five-city trip to boost Georgia’s economic development with China and South Korea. the office will be located in the country’s Shandong province, on China’s east coast.
Governor Nathan Deal tomorrow embarks on a trade mission to Asia. The governor, his wife and members of his economic development team will visit South Korea and China. Deal called the Asian countries "two of the world's most dynamic economies" and said they hold "a myriad of opportunities for Georgia."
Georgia does a lot of business with China. We sell the country lots of forestry products and chickens. So why don't some industry groups want to comment on a trade dispute currently in the U.S. Senate? Some of them have unresolved complaints with the Chinese. Or their members are divided.
A Chinese aviation leasing company has announced a deal with Gulfstream Aerospace to buy 50 high-end business jets for more than $2.5 billion. Gulfstream spokesman Jeff Miller has confirmed the deal with Minsheng Banking Corp. The deal is expected to be converted into firm orders over the next three to five years.
Georgia pecan farmers are planting thousands of new trees. It’s all to keep up with a growing demand for their product more than 7,000 miles away in China and they’re not stopping there. Farmer Trent Mason stands in the middle of his 2,000 acre pecan orchard in Fort Valley. On one side are 20-year old trees covered in tiny nuts and on the other 300 acres of saplings, planted in January.
Georgia exports rose to an all-time high of $28 billion last year. The US Census recently released information about the value of the nation's international trade. The numbers show Georgia's top exports are wood pulp, poultry, kaolin and carpet. Top destinations are Brazil, Mexico and China.