Govs. Ridge, Ruckauf Pledge Cooperation in Furthering International Trade Opportunities Between Pennsylvania and Argentina

South America is PA's Fourth-Largest Trading Region



Apr 18, 2001, 01:00 ET from Pennsylvania Dept. of Community and Economic Development

    PHILADELPHIA, April 18 /PRNewswire/ -- Pennsylvania Gov. Tom Ridge today
 welcomed to Pennsylvania Dr. Carlos Federico Ruckauf, Governor of the Province
 of Buenos Aires, and an accompanying trade delegation from Argentina, at a
 luncheon sponsored by the Philadelphia Chamber of Commerce.
     The luncheon followed a private meeting between the two chief executives,
 and comes as a result of Gov. Ridge's visit to Argentina in November as part
 of a Pennsylvania trade mission to South America.
     "Forging partnerships with Argentina has grown in importance with South
 America's elevated status as one of our leading international trade partners,"
 Gov. Ridge said.  "And with Buenos Aires the industrial, political and
 cultural center of the country, it's particularly important that we build
 relationships with Gov. Ruckauf and his delegation."
     The gubernatorial-led trade delegation, which includes a number of cabinet
 officers and six Argentine companies, arrived in Philadelphia to locate
 business partners and sell their products in Pennsylvania.  The Pennsylvania
 Department of Agriculture and the Southeastern Pennsylvania Export Consortium
 (SEPEC) are also partners in this venture.
     With exports valued at $158 million in 2000, Argentina ranks as
 Pennsylvania's 24th-largest trading partner.  The Ridge Administration opened
 a trade office in Argentina in January 1999.
     On Dec. 5, 2000, Gov. Ridge and the largest-ever Pennsylvania delegation
 concluded a trade mission to Sao Paulo, Brazil; Buenos Aires, Argentina; and
 Santiago, Chile.
     During the historic seven-day mission, Gov. Ridge:  announced that Elfusa,
 Brazil's international manufacturer, was one of Brazil's first investments in
 Pennsylvania; announced strengthened ties between South American port cities
 and the Port of Philadelphia; opened a new Latin American office for a major
 high-tech Pennsylvania employer; and facilitated more than 850 meetings with
 South American firms for 40 Pennsylvania employers and organizations traveling
 in the delegation.
     With $1.2 billion in sales in 2000, South America is Pennsylvania's
 4th-largest trading region, behind North America, Europe and Asia-Pacific.
 Pennsylvania's trade with South America currently generates more than
 13,000 Pennsylvania jobs, according to the U.S. Department of Commerce, which
 estimates that each billion dollars of U.S. exports supports, on average,
 about 13,000 U.S. jobs.  Total exports for Pennsylvania increased 62 percent
 from 1994 to 2000, to $25.7 billion, according to the Massachusetts Institute
 for Social and Economic Research.  That means an increase of $9.8 billion
 during the Ridge Administration, which means 127,400 new jobs have been
 created from increased exports.  Workers in jobs directly supported by goods
 exports receive wages 20 percent higher than the national average.
 
     CONTACT:  Mary Marshall of the Pennsylvania Dept. of Community and
 Economic Development, 717-783-1132.
 
 

SOURCE Pennsylvania Dept. of Community and Economic Development
    PHILADELPHIA, April 18 /PRNewswire/ -- Pennsylvania Gov. Tom Ridge today
 welcomed to Pennsylvania Dr. Carlos Federico Ruckauf, Governor of the Province
 of Buenos Aires, and an accompanying trade delegation from Argentina, at a
 luncheon sponsored by the Philadelphia Chamber of Commerce.
     The luncheon followed a private meeting between the two chief executives,
 and comes as a result of Gov. Ridge's visit to Argentina in November as part
 of a Pennsylvania trade mission to South America.
     "Forging partnerships with Argentina has grown in importance with South
 America's elevated status as one of our leading international trade partners,"
 Gov. Ridge said.  "And with Buenos Aires the industrial, political and
 cultural center of the country, it's particularly important that we build
 relationships with Gov. Ruckauf and his delegation."
     The gubernatorial-led trade delegation, which includes a number of cabinet
 officers and six Argentine companies, arrived in Philadelphia to locate
 business partners and sell their products in Pennsylvania.  The Pennsylvania
 Department of Agriculture and the Southeastern Pennsylvania Export Consortium
 (SEPEC) are also partners in this venture.
     With exports valued at $158 million in 2000, Argentina ranks as
 Pennsylvania's 24th-largest trading partner.  The Ridge Administration opened
 a trade office in Argentina in January 1999.
     On Dec. 5, 2000, Gov. Ridge and the largest-ever Pennsylvania delegation
 concluded a trade mission to Sao Paulo, Brazil; Buenos Aires, Argentina; and
 Santiago, Chile.
     During the historic seven-day mission, Gov. Ridge:  announced that Elfusa,
 Brazil's international manufacturer, was one of Brazil's first investments in
 Pennsylvania; announced strengthened ties between South American port cities
 and the Port of Philadelphia; opened a new Latin American office for a major
 high-tech Pennsylvania employer; and facilitated more than 850 meetings with
 South American firms for 40 Pennsylvania employers and organizations traveling
 in the delegation.
     With $1.2 billion in sales in 2000, South America is Pennsylvania's
 4th-largest trading region, behind North America, Europe and Asia-Pacific.
 Pennsylvania's trade with South America currently generates more than
 13,000 Pennsylvania jobs, according to the U.S. Department of Commerce, which
 estimates that each billion dollars of U.S. exports supports, on average,
 about 13,000 U.S. jobs.  Total exports for Pennsylvania increased 62 percent
 from 1994 to 2000, to $25.7 billion, according to the Massachusetts Institute
 for Social and Economic Research.  That means an increase of $9.8 billion
 during the Ridge Administration, which means 127,400 new jobs have been
 created from increased exports.  Workers in jobs directly supported by goods
 exports receive wages 20 percent higher than the national average.
 
     CONTACT:  Mary Marshall of the Pennsylvania Dept. of Community and
 Economic Development, 717-783-1132.
 
 SOURCE  Pennsylvania Dept. of Community and Economic Development