It’s not every day that important negotiations take place outside of national capitals. The The US-China Joint Commission on Commerce and Trade summit is no exception. Today’s negotiations in Chicago are just the second time in a quarter of a century that they have been held outside of Washington or Beijing. And the stakes are quite high.
As you can see from my infographic, Illinois relies highly on exports and China is our 4th largest destination. But they import just $4 billion per year which is far less than from other major states. There is a lot of room to grow.
Plus, many activities occur outside the main talks. It is at these events far from the negotiating table that many business deals actually get done. The Tribune has high hopes for these ancillary events, as do I.