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China / Iowa Sign Trade Agreement

November 13, 2015

2015 Exports to China up by 63% While China ranks as the world's largest exporter, it also ranks second only to the United States in imports -- and a growing number of those purchases now come from Iowa. Just this past September, representatives from China and Iowa signed an agreement for the state to supply China with millions of dollars worth of soybeans and health products.

Iowa reached a new export record of more than $15.1 billion in manufactured and value-added goods in 2014. China ranked as Iowa's fourth largest export market, purchasing more than $946 million worth of manufactured and value-added goods. So far this year, Iowa exports to China have risen by 63 percent.

The agreements build upon a long-standing relationship between Gov. Terry Branstad and Chinese President Xi Jinping that dates back to 1985. At that time, Branstad was serving his first term as governor and traveled to China for a trade mission to Hebei Province, Iowa's sister state. Xi was a provincial party official whom Branstad met during the trip. Then, in 2012, when Xi served as vice president of China, he traveled to Iowa and was honored by the Governor at a formal welcome dinner at the State Capitol.



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