State Agricultural Director Greg Ibach will travel to Beijing this week to promote Nebraska as an agricultural exporter to China and a good place for foreign investment.
“There really is a unique opportunity to partner with the Chinese,” Ibach said.
Ibach's trip was announced Monday during a telephone press conference with Gov. Dave Heineman. The governor said Ibach would represent the state at a workshop organized by the Paulson Institute, a Chicago-based organization founded by former U.S. Treasury Secretary Henry Paulson.
Ibach will be the only state-level official presenting at the Beijing workshop, called “Seizing Investment Opportunities in Agribusiness.” It will include representatives of Chinese and international companies and investment banks, agricultural leaders and agribusiness consultants.
China already is a major importer of U.S. agricultural commodities, such as corn and soybeans from Nebraska. Ibach said he also will use the trip to encourage Chinese investment in Nebraska food manufacturing, which would create more local jobs.
Ibach is a member of the Paulson Institute's U.S.-China Agricultural Investment Experts Group.
Heineman said he has encouraged Nebraska's participation in the organization, including the Beijing event, as a way to build on the state's other foreign trade efforts. The governor led a trade mission to China this summer.
“It's about expanded relationships,” he said. “As the most populous country in the world, China already is an important part of Nebraska's trade economy. The opportunities there are endless.”
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