NAM and KCCI announce manufacturing partnership.
Press Release Summary:
National Association of Manufacturers and the Korean Chamber of Commerce and Industry announced their new partnership to promote and strengthen opportunities for manufacturing innovation and trade growth between the United States and South Korea. NAM, KCCI, and members therein participated in the signing of a Memorandum of Understanding at a U.S.-Korea Business Innovation Partnership event in Washington, D.C.
Original Press Release:
A Manufacturing Partnership Rooted in Innovation
NAM, Korean Chamber of Commerce and Industry Establish Commitment to Boost Innovation and Economic Growth
by Jennifer Drogus
Washington, D.C., – The National Association of Manufacturers (NAM) and the Korean Chamber of Commerce and Industry (KCCI) announced today their new partnership to promote and strengthen opportunities for manufacturing innovation and trade growth between the United States and South Korea. The NAM, KCCI and members therein participated in the signing of a Memorandum of Understanding at a US-Korea Business Innovation Partnership event in Washington, D.C.
“This partnership will provide an opportunity not only to advance commercial partnerships but also to learn a great deal from each other to advance manufacturing, productivity and innovation,” said NAM President and CEO Jay Timmons. “It will help us promote a strengthened U.S.–Korean trade relationship that realizes more fully the opportunities of that relationship for the good of our countries and our industries as we continue to promote fairness and free enterprise.”
“When companies with abundant experiences and technology collaborate, we can realize innovation faster than anyone,” said KCCI Chairman Yongmaan Park. “Collaboration would serve as a cornerstone to sustain growth in the new normal era and to contribute to the global economy.”
NAM President and CEO Jay Timmons (left) and KCCI Chairman Yongmaan Park signing a Memorandum of Understanding.
Established in 1884, KCCI is the oldest and largest business association in Korea with approximately 160,000 member companies of all sizes, sectors and nationalities. Members range from large-sized businesses, to manufacturing, to services and domestic companies, to foreign-invested companies.
To learn more about the NAM’s commitment to advancing innovation and growth for manufacturers in the United States, visit our website.
The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 14 million men and women, contributes $2.09 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
- See more at: http://www.nam.org/Newsroom/Press-Releases/2015/10/A-Manufacturing-Partnership-Rooted-in-Innovation/#sthash.GgR34UAu.dpuf
