Nevada, China enhance their partnership in trade, business

The state of Nevada recently announced Lt. Governor Brian Krolicki recently signed a memorandum of understanding with the China Council of Promotion of International Trade designed to enhance the partnership between Nevada and China.

The agreement is designed to attract and promote trade and foreign investment and to facility more cooperation between Nevada and China. The agreement has three specific goals:

To increase investment in Nevada by Chinese businesses; to encourage Nevada businesses to enter the Chinese market; and to form a solid business relationship between Nevada and China.

Along with trade and investment, the agreement also calls for development in the areas of exhibitions and conferences. In 2011, the China International Exhibition Center Group Corporation established an office in Las Vegas, establishing a presence in the world’s leading meeting destination.

“We are proud of the strong and extensive relationship between the State of Nevada and the People’s Republic of China,” Gov. Brian Sandoval said. “The opportunities for mutual cooperation with China are tremendous. I applaud the leadership provided by Lt. Governor Krolicki and our partners at CCPIT in negotiating this MOU. I am also grateful for the long-time efforts of our dedicated team based in China — particularly Karen Chen, our state’s Chief Tourism Representative.”

Nevada has been a leader in developing business opportunities in China for more than a decade and was among the initial state governments to recognize the importance of the China market. In 2004, Nevada was the first state to be granted a license from the Chinese central government to open an official tourism office. Since that time, representatives from the Governor’s Office of Economic Development and the Nevada Commission on Tourism have built tourism and trade development programs who have attracted travelers and business developers to Nevada. This MOU was developed and facilitated through the Nevada Commission on Tourism’s China office.

“This is a historic time in the U.S.–China relationship,” Krolicki said. “The newly announced breakthrough 10-year visa issuance for the citizens of our countries, as well as an enhanced international trade landscape and awareness of the Chinese business environment among Nevada companies, mean this agreement will create practical, dynamic and long-term opportunities. This agreement is truly a culmination of a decade of work by many individuals who have focused on developing this critical relationship.”

The MOU also encourages official visits between representative and related institutions including trade development offices, universities, tourism bureaus, chambers of commerce, trade association and government agencies.

“We are pleased that the State of Nevada has taken a leadership role in developing a strong partnership with China,” said Mr. Wang Jinzhen,