Baja California’s 2015 Asia Investment Trade Mission
By Adina Moloman
Source: SEDECO
The Baja California state-Asian countries economic and trade relationship continues to steadily expand. Economic diplomacy is at the core of the Baja California Government’s international engagement. During the last ten days of July 2015, the Baja California Governor, together with a short delegation of other state leaders and economic organizations representatives visited a few Asian countries bringing together activities in trade, growth, investment and business.
Baja California’s 2015 Asia investment mission kicked off on July 22 in China, and then traveled to Taipei, Taiwan, to Seoul, South Korea and Tokyo, Japan.
In Taipei, Taiwan they hold meetings with potential investors and trade bodies where they focused on promoting the Baja California Maquiladora Sector especially the beverage and food industry, automotive and clean energy projects that create jobs in Baja California.
Baja California delegates were also provided with market briefings and had exclusive meetings with key decision-makers and prospective sector partners especially in the aerospace and medical industry during pre-scheduled and tailored one-on-one business reunions and plant visits in Tokyo, Japan.
In Seoul, the delegates from the Baja California state established strategic connections, strengthened existing relations, promoted the region products and services especially from the automotive and electronic sector, explored opportunities for new investments, and sourced potential suppliers.
The Baja California Governor soon after the promotion activity during the Asian investment tour announced the first confirmation project investment from the Asian region. QuanShen, a Chinese apparel company, will invest $25 million to install a sporting goods production facility in Tijuana, Baja California. So far the delegates informed that the project will be developed in several phases and the new Tijuana Manufacturing plant is expected to begin operations in early 2016. The new plant initiating their manufacturing in Mexico is expecting to generate about 800 jobs once the operations are starting.
