“Texas is the world’s eighth-largest economy, a world leader in energy and trade, and a top-notch business environment that makes us one of the world’s leading economic destinations.”
– Governor Greg Abbott
Texas Insider Report: AUSTIN, Texas – Governor Greg Abbott today highlighted three economic development missions he will lead in 2024. During his travels, the Governor met with business leaders and government officials from around the world to showcase and promote Texas’ booming economy.
“Texas is the world’s eighth largest economy, a world leader in energy and trade, and a top economic destination in the world with a top-class business environment,” said Governor Abbott. “That’s why this year I’m traveling with business leaders and government officials from India, Japan, South Korea, Taiwan and the United Kingdom to showcase the strong Texas economy and attract more companies to invest in our great state. “Texas is poised for further economic growth in 2025, and we will continue to provide leading companies from across the nation and the world with the opportunities they need to grow in Texas.”
Highlights of Texas’ 2024 Economic Development Mission:
Governor Abbott strengthens lasting economic and cultural ties with India
In January, Governor Abbott led an economic development mission to India and met with business executives, business leaders, and government officials to foster Texas’ fast-growing economy. Encourage trade, job creation, and capital investment by Indian companies in Texas. Strengthens the ongoing partnership between India and Texas.
Governor Abbott strengthens Texas-UK economic partnership
In March, Governor Abbott visited the United Kingdom on an economic development mission to deepen the strong economic partnership between the United Kingdom and Texas, promote trade expansion in critical industries, and attract business investment to Texas that creates new jobs. .
Governor Abbott, Texas Taiwan Office Announces Signing of Economic Agreement in Taiwan
In July, Governor Abbott successfully completed a trilateral economic development mission to Taiwan, South Korea, and Japan. During his visit, the Governor met with corporate executives, business leaders, foreign dignitaries, and government officials to promote Texas’ fast-growing economy and advance industrial progress critical to the future of the global economy.
Governor Abbott strengthens economic partnership between Texas and South Korea in Seoul
After a successful visit to Taiwan, Governor Abbott traveled to South Korea to strengthen economic ties, visit foreign dignitaries, and meet with business leaders. In South Korea, the governor announced that SeAH Group has established a high-performance metal manufacturing facility in Temple, generating $110 million in capital investment and creating more than 100 new jobs in Central Texas.
Governor Abbott meets with Chief Cabinet Secretary Hayashi in Tokyo
Governor Abbott then visited Japan and met with Chief Cabinet Secretary Yoshimasa Hayashi at the Chief Cabinet Secretary’s Office (commonly known as the Prime Minister’s Office). The Governor and Chief Cabinet Secretary explored ways that Texas and Japan can continue to strengthen their economic partnership through trade and new foreign direct investment.
Governor Abbott signs mutual cooperation statement with Aichi Prefecture in Tokyo
While in Tokyo, Governor Abbott completed a trilateral economic development mission and signed a historic statement of mutual cooperation with Aichi Prefecture Governor Hideaki Omura. This agreement between Texas and Japan will promote trade in critical industries and attract new business investment to Texas.
