Arkansas Economic Development Commission

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Governor in Europe This Week to Recruit New Partners

Governor Hutchinson has traveled to Europe this week on a business recruitment mission. He will travel first to London, England, to attend the Farnborough International Airshow. Arkansas has a booth at the show in which he and representatives of the Arkansas Economic Development Commission will meet with aerospace companies from throughout the world. While in London, Governor Hutchinson will also meet with several aerospace companies that already have a presence in the state.

The Farnborough International Airshow, a bi-annual aerospace and aviation trade show, takes place in the United Kingdom during even years and alternates with the Paris International Airshow. The 2014 show was visited by approximately 100,000 trade visitors from 56 countries.

“Our trip to last year’s Paris Air Show has already resulted in new jobs for Arkansans,” said Governor Hutchinson. “Our presence at Farnborough this year gives us the opportunity to meet with the world’s largest aerospace companies to share the many reasons Arkansas is a great location for this sector. In order for us to successfully compete for significant new location or expansion projects, it is imperative we proactively tell Arkansas’ story throughout the U.S. and the world.”

On Tuesday, Governor Hutchinson will travel from London to Berlin, Germany, where he will open Arkansas’ new European office. While in Germany, Hutchinson will meet U.S. Ambassador John Emerson as well as meet with representatives of several German companies with ties to Arkansas.

In 2015, there were five European countries among Arkansas’ top 20 trading partners (Germany, France, the United Kingdom, Belgium, and the Netherlands). These five countries accounted for 16.9 percent of all exports from Arkansas. Arkansas’ exports to Germany totaled $102 million in 2015, making the country Arkansas’ 12th largest trading partner. Imports from Germany to Arkansas in 2015 totaled $419.9 million, an increase of more than 52.9 percent over 2014.

For updates, follow Governor Asa Hutchinson on Twitter at @AsaHutchinson or the Arkansas Economic Development Commission at @ArkansasEDC. The Governor’s Office and Arkansas Economic Development Commission will also provide periodic information regarding the trip on their respective Facebook pages.

Download the 2016 Arkansas Economic Overview