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SALT LAKE CITY — Governor Spencer J. Cox will lead a trade mission to Israel and the United Arab Emirates (UAE) from September 8-17, 2022, to help Utah businesses capitalize on emerging opportunities and build economic bridges.
The 2020 Abraham Accords normalized diplomatic and trade relations between Israel, the United Arab Emirates, and other countries in the Middle East and North Africa, bringing enormous economic opportunities to the region.
Israel and the UAE share important similarities with Utah – from their vibrant innovation ecosystems to their expertise in tackling familiar challenges like water management – which makes them excellent candidates for Utah companies looking to grow in the Middle East Partner.
The Israel/UAE trade mission is Governor Cox’s second international visit this year. In April 2022, he led a Very successful business delegation To Mexico, this brought $6.1 million in new projected manufacturing and sourcing from Mexico, and $26.3 million in new trade opportunities for Utah companies.1
After the governor-led business trip to Mexico, Roman company Bernardo Ospina, Global Channel Director shared: “There are two ways to try to break into a new market for the first time. One is expensive, very time-consuming, high-risk, and the other is working with the state and WTC Utah. We are in a week The work accomplished in 2019 exceeded what could be accomplished with several months of market research and business development activities. The effect was five times what we could achieve with our resources, and at a significantly lower cost.”
1 New Trade Opportunities (NTO) = Actual Sales + Expected Sales + Actual Investment from Trade and/or Investment Activities, Utah Corporation reports to WTC Utah.
About Utah World Trade Center
The Utah World Trade Center is a private, not-for-profit organization whose mission is to accelerate the growth of Utah companies through our global network, programs and services. The organization officially joined the World Trade Center Association in 2007 to help companies across the state realize their global potential and is recognized by the World Trade Center Association. 2021 Presidential Export Service “E” Award — The highest recognition of any U.S. entity for a significant contribution to expanding U.S. exports.For more information, please visit wtcutah.com Or follow @WTCUtah on Twitter, Instagram and Facebook.
About the Utah Governor’s Office of Economic Opportunity
Under the direction of Governor Spencer J. Cox, Governor’s Office of Economic Opportunity (Go Utah) provides resources and support for business creation, growth and recruitment. It has also driven an increase in tourism and film production in Utah. As steward of the Utah economy and quality of life, Go Utah draws on federal, state and private sector resources to manage programs in areas that show the greatest potential for economic development and the greatest opportunity for Utahers.
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