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Alabama official joins international conference to strengthen economic ties with Europe

Alabama official joins international conference to strengthen economic ties with Europe
Alabama official joins international conference to strengthen economic ties with Europe

 


Christina Stimpson, director of the Alabama Department of Commerce's Office of International Trade, is in Greece and Belgium this week to EU-US Emerging Leaders Visitor Programan international conference aimed at strengthening economic ties between the European Union and other countries.

Stimpson will focus on developing ties with EU leaders in order to strengthen economic ties between Alabama and EU member states, with trade between the two having grown significantly in recent years.

Being able to attend this exclusive event will provide Christina with new insights into international trade opportunities that can benefit Alabama businesses and drive economic growth here at home, said Ellen McNair, secretary of the Department of Commerce. in Alabama. STATEMENT.

The European Union is a very important trade partner for our country and was fully committed to the advancement of this relationship.

Last year, EU member states and Alabama engaged in $15 billion worth of trade, of which $7.7 billion were Alabama exports, according to Commerce. About 300 companies from EU member states operate businesses in Alabama.

On Monday, Stimpson attended a series of briefings, meetings and networking opportunities and will do the same on Tuesday in Brussels.

On Wednesday, Stimpson is scheduled to speak with government and economic leaders in Athens, Greece, and will participate in briefings on Greece's investment opportunities and trade opportunities.

I look forward to networking among European participants and increasing my understanding of the opportunities that exist for Alabama and the European Union in both trade and investment, Stimpson said in a statement.

This opportunity is fully aligned with Export Alabama's 2025 trade strategy, which is currently under development.

Alabama's exports to Greece have historically been aerospace products and industrial machinery. Trade between the two has also grown in recent years, with Alabama companies exporting $12.5 million worth of goods to the country last year, a 24% increase from the previous year, according to the department.

We plan to run trade missions to the United Kingdom and European Union member states that align with our shared values ​​and approach to trade, security and economic prosperity, Stimpson said.

Alabama's exports overall have grown dramatically in recent years, in total 27.4 billion dollars in 2023, an increase of 6% compared to the previous year. The Port of Mobile is also now the second fastest growing port in the US, having made a economic impact in 2022 of $98 billion.

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