In 2014, California exported 173.8 billion in goods and services to foreign markets. California is open to trade with the Gulf Cooperation Council countries (GCC) and currently, it is the third largest U.S state exporter of goods to the GCC. However, international trade between California and the GCC has significant room to grow. For example, less than one percent of California agricultural products go the GCC. In addition, GCC countries are seeking to diversify their hydrocarbon-based revenue and want U.S.-based companies to enter their economies in sectors such as information technology, renewable energy, and healthcare. As these markets continue to mature, businesses in California can increase their international footprint by becoming partners in this diversification process.
On March 31, 2016, we will bring Embassy officials and regional experts together in San Francisco for an event at K&L Gates for companies to actively participate in learning about these six countries and determining where business opportunities may be in their respective industries.