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State Development Corporation of Thuringia (LEG Thüringen)

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New networks boost trade with North America and China

Trade with North America and China played a big role in Thuringian imports and exportsin 2020 despite the pandemic. Exports to the United States grew by more than eleven percent, while Thuringia had far more bilateral trade with China than with any other country. These ties are now getting support from two new networks: Transatlantic Circle Thuringia (TACT) and the China Network Thuringia.

”Both networks create a completely new benefit,“ explains Thuringia‘s Economics Minister Wolfgang Tiefensee. ”They bring together companies that maintain foreign trade relations with the countries and companies from the U.S., Canada and China that are based here in Thuringia as investors.“ The TACT was launched in September. A month later, the China Network Thuringia was founded. Regular meetings are planned, two to three times a year, at which the network partners can exchange ideas. The next China Network meeting is scheduled for January 20, 2022; the TACT will also meet again around this time. (hw)

Founding event of the “Transatlantic Circle Thuringia” (TACT) at Ettersburg Castle near Weimar. Photo: LEG Thüringen

Founding event of the “Transatlantic Circle Thuringia” (TACT) at Ettersburg Castle near Weimar. Photo: LEG Thüringen