Governor Deval Patrick today welcomed President of Peru Ollanta Humala to Massachusetts and reaffirmed his Administration's commitment to expand opportunities for collaboration with emerging markets around the world that will help build a stronger Commonwealth for future generations. During today's visit, Massachusetts and Peru signed a Memorandum of Understanding (MOU) that will formalize cooperation between the two entities on key issues including education, science and technology development and culture.
"Massachusetts is already a global leader in the innovation economy, but now is not the time to rest on our laurels," said Governor Patrick. "By strengthening our partnership with Peru, we are encouraging international investment in an emerging market and creating new economic opportunities at home."
"We are very pleased in bridging both economies at all levels to create a synergy that is going to be beneficial to our people in fighting poverty and stimulating economic growth," said President Humala.
The MOU signed today calls for expanded graduate and post-graduate programming, along with culture and language exchanges and collaboration between institutions of higher learning in Massachusetts and Peru. In science and technology, the memorandum expands cooperation and initiatives in the life sciences and biotechnology, digital technology, and clean energy and technology. The memorandum also prioritizes the organization of joint cultural activities, and the exchange of best practices for conservation and preventive care, including sharing relevant information regarding technology, academic cooperation and scientific research.
Peru is one of a number of emerging economies in South America, and the Patrick Administration has identified the continent as an important, growing force in the global economy. Peru's economy has been growing 6 - 9 percent per year over the last three years, and has been growing by an average of 6.4 percent annually since 2002. In 2012, Massachusetts exported $31 million worth of goods and services to Peru, making it the state's 52nd largest export partner, and Massachusetts imported $77.8 million worth of goods and services from Peru in 2012, making the country Massachusetts' 40th largest import partner.
Governor Patrick has led trade missions to Israel, the United Kingdom, Chile, Brazil and Colombia, and has hosted government officials and business leaders from those countries and others, here in Massachusetts, to continue to grow the Commonwealth's presence in the global marketplace.
In May, Governor Patrick traveled to Ireland and met with the Prime Minister of Ireland Enda Kenny to discuss the Commonwealth's ongoing commitment to expanding opportunities for economic development and job creation between Massachusetts and Ireland. The meeting was one of several events Governor Patrick participated in while in Ireland, which also included a meeting with the Minister of Foreign Affairs and Trade for Ireland Eamon Gilmore; a Digital Health and Life Sciences Trade Summit, sponsored by the Massachusetts' Life Sciences Center and the HealthXL Accelerator Program; and a meeting with the Ireland-Massachusetts Partnership.
In February, during a trade mission to Colombia, Governor Patrick signed an MOU formalizing collaboration between Massachusetts and Colombia in the areas of science, technology and innovation, including in the life sciences, technology and clean energy industries.
In December 2011, Governor Patrick led a coalition of state government, education and business leaders on a trade mission to Brazil and Chile. The delegation visited Brazilian companies, universities and government leaders to highlight all that Massachusetts has to offer to Brazil. The mission focused on creating jobs in the life sciences, IT, clean energy and education sectors and solidifying the already strong Massachusetts-Brazil connection. During the trade mission to Chile and Brazil, Governor Patrick signed a MOU with the President of Chile Sebastian Pinera that expands collaboration between Massachusetts and Chile in the areas of clean energy, biotechnology and education; participated in EMC's groundbreaking of a new Big Data facility at Federal University in Rio de Janeiro; announced an agreement between Massachusetts-based Akamai and Sky Brasil, a Brazilian television subscription company, to bring online video rental services to the country; and announced an academic exchange program between faculty and students from Brazilian and American Universities, including the University of Massachusetts system.
In March 2011, Governor Patrick led a coalition of the Commonwealth's leaders on a mission to Israel and the United Kingdom. Following the mission, UK-based companies Cambridge Consultants, Sagentia and TotalMobile announced plans to expand and add jobs in Massachusetts. Israeli biotech firm EarlySense also announced it is adding jobs and establishing its U.S. headquarters in Waltham.