The America China Society of Indiana (ACSI), a membership-based non-profit which facilitates bilateral business opportunities between Indiana and China, signed today a Memorandum of Understanding agreement with the Zhejiang International Investment Promotion Center (ZIIPC) at the Indiana-Zhejiang 30th Anniversary Celebration & Business Seminar at the Indiana Convention Center.
The agreement, witnessed by Governor Holcomb and Zhejiang Party Secretary Mr. Che Jun, aims to strengthen the business and economic ties between the state of Indiana and its sister province Zhejiang. Through this new platform, Indiana businesses, entrepreneurs and economic development professionals will be able to promote their products and services to potential partners in Zhejiang.
“Today marks a new chapter in the Indiana-China business relationship,” said Colin Renk, executive director of ACSI. “Through this agreement, organizations will have direct lines of communication with their counterparts in Zhejiang to provide more business opportunities for Indiana companies and more jobs for Hoosier workers.”
Between 2006-2016, Indiana’s goods exports to China rose 282% compared to the 51% growth rate in Indiana goods exported to the rest of the world. In 2015, Indiana’s exports to China supported 20,300 American jobs.
“For the past thirty years, Zhejiang has had a prosperous relationship with Indiana and we believe that by signing this agreement, our cooperation will be even better,” said Mr. Lu Weiqi, director of the Zhejiang International Investment Promotion Center.