Utah companies should determine what products Asians need and begin producing them for export to Taiwan, Korean, Japan and Singapore, according to David Kennedy, former secretary of the treasury and ambassador-at-large for The Church of Jesus Christ of Latter-day Saints.
He said businesses in those countries are anxious to form joint ventures with American companies regardless of whether the businesses are constructed in Asia or the United States, but Americans must learn how they do business, he told members of the MountainWest Venture Group."You won't conduct any business on the first visit. They are methodical people and it's a good idea to learn more about their culture and habits," he said.
Kennedy said he tried for many years to develop trade between the United States and Asia and finally there is some momentum. He said Utah needs to continue to advertise itself, have trade missions to the Far East and bring Asians to Utah to foster viable business relationships.