International Representatives Discuss Trade Relations in Tulsa

By Caliendo, Heather | THE JOURNAL RECORD, June 26, 2009 | Go to article overview
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International Representatives Discuss Trade Relations in Tulsa


Caliendo, Heather, THE JOURNAL RECORD


International trade can help end global recession, said John Reale, head of British Trade and Investment.

"No country in the world can be self-sufficient," he said. "Trade is essential to the prosperity of the world economy."

Representing nine countries, a group of European consuls general and honorary consuls came to Tulsa to broaden international trade relations and discuss the current economic climate while attending a breakfast and international business seminar Thursday sponsored by the Tulsa Global Alliance and Tulsa Metro Chamber and held at the University of Tulsa.

All the consulars discussed economic opportunities their countries have available with the U.S.

Despite all the talks about trade with China, Europe still is the most desirable place to invest, said Mike Troilo, assistant professor of international business for TU's Collins College of Business.

Germany, Russia and the U.K. are the top three countries for Oklahoma exports in Europe, according to data from the Oklahoma Department of Commerce.

"You can see these are still relatively wealthy countries," Troilo said. "It's still a rather lucrative market."

The top three industries are machinery manufacturing, computers and transportation equipment.

While Germany passed an economic stimulus of about 80 billion euros, the country has rejected pressure from the U.S. for more stimulus programs, said Charles Wiggin, Oklahoma's honorary consul for Germany.

Instead, the country is focusing on its future growth by expanding its energy policies and green incentives.

Germany's energy policy includes energy security and reduction in greenhouse gases, Wiggin said. The country has plans to phase out nuclear power by 2022.

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