SOURCE: Council of Great Lakes Governors

May 14, 2007 07:00 ET

Great Lakes Governors, Chinese Officials Launch More Than $10 Billion in New Economic Partnerships

More Than 15 Companies Participate, Including Motorola, IBM, HP, Dow Chemical

CHICAGO, IL -- (MARKET WIRE) -- May 14, 2007 -- On behalf of the Council of Great Lakes Governors, Wisconsin Gov. Jim Doyle today hosted a meeting among Great Lakes State officials and business leaders, and Chinese officials and business leaders featuring the signing of more than two dozen new business agreements. These new agreements total about $10 billion in new U.S. sales to China, supporting thousands of American jobs in the manufacturing and other sectors.

Companies signing business agreements included:

--  Motorola
--  Dow Chemical Company
--  Alcatel-Lucent
--  GE Aviation
--  Nortel Networks
--  Oracle Software Systems Co., Ltd.
--  IBM Global Services
--  Hewlett Packard Development Company
--  Cisco Systems, Inc.
--  Analog Devices Corporation
--  Corning Cable Systems, Inc.
--  Emerson Electric Company
--  Honeywell Inc.
--  Sun Microsystems
--  EMC Computer Systems

"The partnerships forged today will create many new jobs throughout our region and the country," said Doyle. "I am proud that we have been able to take this important step to strengthen our national and regional manufacturing base." He added, "As a result of our growing relationship with the People's Republic of China, we are benefiting both of our economies now and in the long-term. I look forward to future partnership opportunities."

Joining Doyle at the historic event were Madame Ma Xiuhong, Vice Minister of the Ministry of Commerce, People's Republic of China; Minnesota Lt. Gov. Carol Molnau; Ohio Lt. Gov. Lee Fisher; Illinois Deputy Gov. Sheila Nix and Director of Commerce and Economic Opportunity Jack Lavin; Pennsylvania Secretary of the Commonwealth Pedro A. Cortés; and Indiana Secretary of State Todd Rokita.

The signings were held in conjunction with the Governors' Forum on Chinese Trade and Investment in the Great Lakes Region. The Forum provided an opportunity for visiting Chinese officials to network with State and regional business leaders while learning more about the many opportunities to invest in the Great Lakes region. The event marks another success in a business partnership that has been growing quickly since Doyle opened the Council of Great Lakes Governors' office in Shanghai, China, in 2003.

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