Oregon's economic landscape is set for a significant boost as the House Committee on Economic Development, Small Business, and Trade convened on February 26, 2025, to discuss House Bill 3100. This proposed legislation aims to strengthen the state's global trade strategy, with a focus on enhancing economic partnerships and expanding market access for local businesses.

Key advocates for the bill, including Edward Kimin, Honorary Consul of the Republic of Korea, emphasized the untapped potential in sectors such as agriculture, technology, and tourism. Kimin highlighted that Oregon's exports, particularly in hazelnuts, meat, wine, and seafood, are in high demand in South Korea. He urged the committee to support the bill to capitalize on these opportunities and mitigate the impacts of recent trade disruptions.

Kimberly Branham, Chief Trade and Economic Development Officer at the Port of Portland, echoed these sentiments, stressing that Oregon's economy heavily relies on international trade. She noted that small and medium-sized businesses constitute 88% of the state's exporting companies, and jobs in the traded sector typically pay 11% more than non-export jobs. Branham called for a unified trade strategy to enhance collaboration among various stakeholders, ensuring that Oregon remains competitive in the global market.

Dan Jarman, representing the Oregon Wine Growers Association, also voiced strong support for HB 3100. He pointed out the challenges facing the wine industry, including declining consumption and increased competition from international markets. Jarman underscored the importance of promoting Oregon wine abroad, especially as the state produces high-quality wines that can compete globally. He expressed optimism that a coordinated trade strategy would help bolster exports and support the state's $8 billion wine industry.

The discussions during the meeting highlighted the critical need for a comprehensive approach to trade that aligns government efforts with private sector initiatives. As Oregon navigates a complex economic environment, the passage of House Bill 3100 could pave the way for increased investment, job creation, and long-term economic resilience. The committee's support for this legislation is seen as a vital step toward ensuring Oregon's prosperity in the global marketplace.