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Riordan takes step to shore up city's international trade efforts.


L.A. Mayor Richard Riordan Richard J. Riordan (born May 1, 1930) is a Republican politician from California, U.S. who served as the California Secretary of Education from 2003–2005 and as Mayor of Los Angeles from 1993–2001. Riordan ran for Governor of California unsuccessfully in 2002. , who has been criticized for not doing enough to promote foreign trade, is expected this week to announce a new alliance between the city and the World Trade Center Association.

Under the alliance, the L.A. Harbor Department and Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity.  Co. will kick in a combined $100,000 per year to fund an L.A. export development office. The office will be run Tom Teofilo, president of the Greater Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  World Trade Center Association.

The new export office - to be located in downtown L.A.'s World Trade Center - will be a referral center for existing state, federal and private trade programs already in the city. It also will complement those programs with select services of its own.

A Jan. 27 Business Journal story quoted L.A.-area trade executives as being critical of the Riordan administration's trade policies. They specifically noted that the mayor had been reluctant to serve as a trade ambassador for the city.

But Barry Sedlik, manager of economic and business development at Southern California Edison, said Edison has been in talks with the mayor's office over the new trade office for nearly two years.

"The city was not quite certain whether this was a service they should really provide." Sedlik said. "They already have a Business Team, but most of its services are reactive - they're done after companies are already having trouble. This is a proactive measure on the city's part."

He added that Edison likes the project because the new trade office will be a valuable resource for local companies and give them another reason to stay in L.A.

Edison officials point to the experience of Teofilo, who oversees a similar trade development office in Long Beach.

"Tom is aware of what all the organizations do with respect to international trade and how this organization will complement those efforts," Sedlik said.

Teofilo and the World Trade Center Association also will fill the role of providing a central person and organization to help L.A. businesses interested in pursuing foreign trade.

Riordan had previously named Tina Choi as L.A.'s director of international trade to fill such a role, but later eliminated the position, leaving the city without a point person or organization to promote foreign trade.

Choi, who had little experience in foreign trade, is now a member of the Business Team that works to help L.A. companies.

"If the World Trade Center Association will be like an advisory group, that would be fine. That is needed because there are already too many (foreign trade organizations)," said Carlos Valderrama Carlos Valderrama is a common personal name that can refer to different people:
  • Carlos el Pibe Valderrama, former Colombian football player.
  • Carlos Valderrama, a Venezuelan baseball player.
, director of Latin American operations for the law firm of Carlsmith Ball Wichman Case & Ichiki, who has been critical of the mayor's trade initiatives.

State Sen. Tom Hayden Thomas Emmett "Tom" Hayden (born December 11, 1939) is an American social and political activist and politician, most famous for his involvement in the anti-war and civil rights movements of the 1960s. , a mayoral candidate, called the alliance an empty gesture by Riordan to placate critics of his lack of foreign trade initiatives.

Hayden, D-Los Angeles, issued a statement calling the alliance a "hollow and underfunded un·der·fund  
tr.v. un·der·fund·ed, un·der·fund·ing, un·der·funds
To provide insufficient funding for.

underfunded adjinfradotado (económicamente) 
 response to industry criticism that L.A. has fallen behind in foreign trade promotion since (Riordan) took office."

Hayden was also critical of Riordan's trade efforts during a recent interview with the Business Journal.

"His idea of trade has been the classic deal maker that views trade as a physical issue - the port, the Alameda Corridor The Alameda Corridor is a 20 mile (32 km) freight rail "expressway"[1] owned by the Alameda Corridor Transportation Authority (AAR reporting marks ATAX ."

Riordan campaign spokesman Todd Harris Todd Harris is a sideline reporter for ESPN and ABC's college football coverage.

Prior to those duties, he was the lead play-by-play announcer for ABC and ESPN's coverage of the Indy Racing League's IndyCar Series.
 dismissed Hayden's criticism.

"We prefer to let the facts speak for themselves, and the fact of the matter is that international trade through Los Angeles is up 15 percent from last year alone," Harris said.

"For Senator Hayden - who stood with Pat Buchanan in opposing NAFTA NAFTA
 in full North American Free Trade Agreement

Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's
 and GATT See General Agreement on Tariffs and Trade.

GATT

See General Agreement on Tariffs and Trade (GATT).
 and has done everything possible to close our borders - to suggest that the mayor's record is anything but solid is the height of hypocrisy," he added.
COPYRIGHT 1997 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Los Angeles City Mayor Richard Riordan
Author:Young, Douglas
Publication:Los Angeles Business Journal
Date:Feb 3, 1997
Words:633
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