MINNESOTA’s Global Position & Why China? Why Now?
Presented by the Minnesota Trade Office Diverse Economy
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota Fortune 500 - 2011
REVENUE RANK COMPANY US Billion 22 UnitedHealth Group $94.2 33 Target $67.4 47 Best Buy $49.7 61 Supervalu Minnesota ranks #1 in the $40.6 97 3M $26.7 103 CHS number of Fortune 500 $25.3 126 U.S. Bancorp $20.5 158 Medtronic companies per capita $15.8 166 General Mills $14.8 218 Land O'Lakes $11.1 237 Xcel Energy $10.3 246 AmeripriseFinancial $10.0 265 C.H. Robinson $9.3 318 Thrivent Financial for Lutherans $7.5 325 Hormel Foods $7.2 346 Mosaic $6.8 378 Ecolab $6.1 436 St. Jude Medical $5.2 449 Nash-Finch $5.0 472 Alliant Techsystems $4.8
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Selected Minnesota Corporations
MINNESOTA TRADE OFFICE Department of Employment & Economic Development 2010 Minnesota Exports by Category
TOTAL: $31.8 Billion
Ag 11%
Services 33% Manufactured Goods 56%
Preliminary – DEED/MTO 5/2010
MINNESOTA TRADE OFFICE Department of Employment & Economic Development MN Manufactured Exports – 2010
All Other Computers & 22% Electrical 24%
Food Total $17.2 Billion 8%
Machinery Chemicals 17% 6% Misc. (incl. Medical Transport. 10% 12% Minnesota ranks #20 among all states
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Growth of Manufactured Exports
$20 $18 $16 $17.30 $17.20 $16.20 $14 $15.23 $14.60 $12 $13.84 $10 $11.76 $10.46 $9.50 $9.73 $9.52
US$ BILLION BILLION US$US$ $8 $6 81% increase $4 $2 2000 - 2010 $0
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota’s 2010 Export Markets
Canada $5.44 China (inc HK) $1.96 Japan $1.13 Mexico $0.98 209 Germany $0.80 Korean Rep $0.63 Countries UK $0.59 Belgium $0.59 Singapore $0.50 Taiwan $0.47 All Others $6.23
US $Billion $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 Preliminary 2010 Export Data Source: Global Trade Information Services - World Trade Atlas
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota’s Export Markets
Evenly distributed among NAFTA, NAFTA Europe and Asia
Asia Europe Minimal exports to Latin America, Africa, and Middle East
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Special Focus on China
MINNESOTA TRADE OFFICE Department of Employment & Economic Development More Than a Century of Connections
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota-China Connections
Minnesota-Shaanxi sister state
Numerous sister-cities Saint Paul – Changsha Minneapolis – Harbin Rochester – Xianyang Coon Rapids – Zhaoqing Red Wing – Quzhou Ramsey – Loudi Dakota County - Chengde
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota-China Connections
Numerous university connections
University of Minnesota has largest concentration of Chinese students and faculty
University of Minnesota China Center
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota-China Connections
Minnesota Trade Office in Shanghai
Minnesota Club in Shanghai
Minneapolis Institute of Arts Asian Collection
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota-China Connections
U.S.-China People’s Friendship Association of Minnesota
Shaanxi-Minnesota Club Minnesota Department of Education Mandarin language initiative
Yinghua Academy – Chinese language immersion school
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota-China Connections
Hundreds of Chinese restaurants and Asian food markets Chinese and English language newspapers
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota-China Connections
Numerous organizations promoting Chinese culture, business, news and friendship
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota Companies in China
通用磨坊
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota Manufactured Exports to China – 2010
Total $1.26 Billion
Machinery 28.0%
Misc (includes Medical) 8.0%
Paper 9.0%
Computers & Electrical 24.0%
All Others 31.0%
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota-China Partnership
Bold new strategy to enhance Minnesota’s relationship with China
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota-China Partnership
Broad-based Trade & Investment Science & Academia Arts & Culture Friendship & Humanitarian Endeavors
Collaborative
Comprehensive
MINNESOTA TRADE OFFICE Department of Employment & Economic Development MCP Objectives
Increase economic activity Prepare companies to be successful Strengthen existing connections and seek new relationships Promote greater understanding of U.S.-China relations Raise Minnesota’s profile among prominent Chinese leaders
MINNESOTA TRADE OFFICE Department of Employment & Economic Development MCP Website
www.minnesota -china.com
MINNESOTA TRADE OFFICE Department of Employment & Economic Development About the Minnesota Trade Office
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota Trade Office
PARENT Department of Employment & DEPARTMENT Economic Development
PRIMARY Export Assistance MISSION
YEAR FOUNDED 1983 by Governor Perpich
LOCATION Saint Paul, MN
FOREIGN OFFICES Shanghai, China
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Shared Responsibilities
Minnesota Agriculture Trade Office Marketing Services DEPARTMENT OF EMPLOYMENT & MINNESOTA DEPARTMENT OF ECONOMIC DEVELOPMENT AGRICULTURE
Manufactured goods Ag commodities Services Processed foods
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota Trade Office
MTO Mission
To be an advocate for Minnesota businesses pursuing international markets and to promote, assist and enhance exports and foreign direct investment that contribute to the growth of Minnesota’s economy .
MTO Vision
To be the first place Minnesota companies call when they need export assistance
MINNESOTA TRADE OFFICE Department of Employment & Economic Development MTO Services
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Counseling & Technical Assistance
Trade Assistance Help Line Assess market opportunities Find business partners Identify market strategies Determine regulatory requirements Leverage worldwide resources…and more
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Export Education & Training
30 – 40 education programs annually
International market research training
Detailed “how to” export training
Market & industry specific seminars
Topical programs & roundtables
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Export Promotions
Trade Missions Trade Shows Buyers Missions
Mission to China - 2005 Mission to India - 2007
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Protocol Assistance
Crown Prince of Norway President Vicente Fox of Mexico
MINNESOTA TRADE OFFICE Department of Employment & Economic Development International Research Resources
Extensive international business collection Market & industry data Trade -related databases Professional research staff Available at DEED library and online
MINNESOTA TRADE OFFICE Department of Employment & Economic Development Minnesota Trade Office Contact
Li King Feng International Trade Representative Minnesota Trade Office
PHONE: (651) 259-7484 FAX: (651) 296 -3555 E-MAIL: [email protected]
MINNESOTA TRADE OFFICE Department of Employment & Economic Development For Export Assistance
(651) 259-7498 CALL MTO Trade Assistance Help Line
www.exportminnesota.com CLICK Email: [email protected]
Minnesota Trade Office VISIT 332 Minnesota Street, Suite E200 Saint Paul, MN 55101
MINNESOTA TRADE OFFICE Department of Employment & Economic Development MINNESOTA TRADE OFFICE 332 Minnesota Street, Suite E200 Saint Paul, MN 55101 USA
Phone (651) 259-7499 Fax (651) 296-3555 Trade Assistance Help Line: (651) 259-7498 Email: [email protected] www.exportminnesota.com