Governor Greg Abbott concluded 2024 by highlighting Texas’ strong economic performance and fostering international partnerships through a series of global economic development missions. The Governor visited India, the United Kingdom, Taiwan, South Korea, and Japan, engaging with business leaders and government officials to promote Texas as a prime destination for investment and innovation.
“Texas is the eighth-largest economy in the world and a global leader in energy, trade, and technology,” Abbott stated, emphasizing the importance of these missions in driving economic growth and creating jobs.
Key Highlights from 2024 Missions
India: Strengthening Economic and Cultural Ties
In January, Governor Abbott met with technology and energy leaders in Mumbai and New Delhi, discussing opportunities for Indian companies to invest in Texas. He also met with India’s External Affairs Minister, highlighting partnerships in semiconductor manufacturing and aerospace technology.
United Kingdom: Advancing Trade and Innovation
During his March visit, Abbott signed a Statement of Mutual Cooperation with UK Secretary of State for Business and Trade Kemi Badenoch. The agreement emphasizes collaboration in sectors like energy innovation, aerospace, and life sciences. Abbott also met with then-Prime Minister Rishi Sunak and delivered the Ronald Reagan Lecture in London.
Taiwan: Opening Texas’ Taiwan Office
In July, Abbott announced the opening of the State of Texas Taiwan Office, designed to attract investment and boost trade. He also signed an Economic Development Statement of Intent with Taiwan’s Minister of Economic Affairs, focusing on semiconductors and energy resilience.
South Korea: Welcoming New Investments
Abbott celebrated SeAH Group’s $110 million investment in a manufacturing facility in Temple, Texas, creating over 100 jobs. He also toured Samsung’s semiconductor campus in Pyeongtaek, highlighting Texas’ role in the global tech supply chain.
Japan: Strengthening Bilateral Cooperation
In Tokyo, Abbott met with Japanese officials and signed a Statement of Mutual Cooperation with Aichi Prefecture Governor Hideaki Ohmura. This agreement aims to expand trade and encourage new investments between Texas and Japan.
Looking Ahead
Governor Abbott’s economic missions exemplify Texas’ commitment to global collaboration and economic leadership. As the state looks toward 2025, these efforts are expected to further solidify Texas’ position as a hub for innovation and investment on the international stage.
Texas Reporter 