Chicago signs MOU with eight cities
Chicago Mayor Rahm Emanuel and representatives of eight Chinese cities signed a memorandum of understanding that focuses on several key sectors, including finance and insurance, tourism, transportation and logistics and infrastructure.
Emanuel, former chief of staff for President Barack Obama, met with Minister of Commerce Gao Hucheng and leadership representatives of Beijing, Shanghai, Tianjin, Qingdao, Shenyang, Hangzhou, Wuhan, and Chengdu on a two-day trip to China to sign the Gateway Cities Agreement that “[fortifies] Chicago’s place as a gateway for Chinese investment in partnership with these eight cities,” according to a statement.
China is Chicago’s largest global trade partner, with the country sending $51.2 billion of goods to the Chicago Customs District in 2012 and Chicago exporting $4.3 billion to China. (Photo 3)