Governor Tom Vilsack’s in South Korea today, and before he leaves that country bound for China, he hopes to sign a special agreement that will promote trade between Korea and Iowa. This past Monday, before he left, Vilsack outlined the legal details for reporters. Vilsack called it a “memorandum of understanding” that he says will indicate a “stronger” and “closer” relationship between South Korea and Iowa. According to Vilsack, that “memorandum of understanding” will formalize “relationships” between the Far Eastern country and the state of Iowa. “What is means is it might be easier for companies in Korea to consider investments in the state of Iowa,” Vilsack said. “It sort of sanctions investments in the state of Iowa.” Vilsack signed a similar document with leaders in New Zealand during a trade trip to that country.
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