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World Trade Week '93 descends on L.A. with flurry of festivities.


Los Angeles-area activities being held this month in observance of World Trade Week '93 will focus on promoting the job-creating ability of foreign trade, increasing awareness among local politicians of just how vital foreign trade is to Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region,  and encouraging youths to choose trade-related careers.

World Trade Week, which is officially the week of May 16 to 22, is actually being celebrated throughout the entire month of May. The event was founded in L.A. in L.A. In is a compilation of studio recording by Various Artists. It was originally released in 1979 as an LP by Rhino Records. Track listing

 
Side One
The Kats
 1926 by the 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.  Area Chamber of Commerce. It was soon emulated across the country and is now observed nationally. This year it is being organized locally by the chamber.

World Trade Week -- or month, more accurately -- consists of a series of seminars, luncheons, breakfasts, mixers and other activities designed to promote foreign trade in the Southland.

A recurring message this year will be that foreign trade generates a large number of local jobs, said Fermin Cuza, chairman of World Trade Week and vice president of international trade at El Segundo-based Mattel Inc.

For every $1 billion worth of goods exported from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , some 20,000 jobs are created in this country. Also, one out of every nine jobs in California is either directly or indirectly tied to foreign trade, Cuza said.

Also, the scheduled events will attempt to educate the Southland's politicians as to the importance of foreign trade upon the economy.

There are two congressional subcommittees that deal with foreign trade. One is the Trade Subcommittee of the House Ways and Means WAYS AND MEANS. In legislative assemblies there is usually appointed a committee whose duties are to inquire into, and propose to the house, the ways and means to be adopted to raise funds for the use of the government. This body is called the committee of ways and means.  Committee. The other is the International Trade Subcommittee under the Senate Finance Committee, Cuza said.

Neither of California's two U.S. senators -- Barbara Boxer Barbara Levy Boxer (born November 11, 1940) is an American politician and the current junior U.S. Senator from the State of California.

A member of the Democratic Party, Boxer was first elected to the U.S.
 and Dianne Feinstein Dianne Goldman Berman Feinstein (born June 22, 1933) is the senior U.S. Senator from California, having held office as a senator since 1992. She is a member of the Democratic Party.  -- sits on the Senate International Trade Subcommittee.

"If they understood how trade impacts Californians and California's economy, they would be knocking down doors to be on this subcommittee," Cuza said.

Likewise, the only two California representatives on the U.S. House of Representatives' Trade Subcommittee are William Thomas William Thomas or Bill Thomas may refer to:
  • William Thomas was the alias of Wilhelm Thomas, who gained notoriety in the Adolph Beck case.
  • William Thomas (American football), National Football League player for the Philadelphia Eagles and Oakland Raiders
, R-Bakersfield, and Robert Matsui, D-Sacramento.

"I would feel better if we had a representative from Los Angeles, San Diego, San Francisco or Oakland on these subcommittees simply because there is more international trade activity in these districts" than there is in either Bakersfield or Sacramento, Cuza said.

Numerous decisions affecting foreign trade in the Southland are made at the federal level, such as the budget of the L.A. Customs District, the nation's largest district, Cuza said.

If the L.A. Customs District doesn't get an adequate share of the federal budget, the customs process here could eventually be slowed down and shippers might start going to other ports, Cuza warned.

Cuza said he will discuss the importance of educating local politicians throughout World Trade Week.

Besides stressing job creation and educating local politicians, a third goal of World Trade Week is to reach young people who may have an interest in entering trade-related professions, Cuza said. "I think it's important for this area to attract the best and the brightest," he said.

As a preliminary to World Trade Week, a foreign trade career day was held April 7 at Venice High School Venice High School may refer to:
  • Venice High School (Los Angeles)
  • Venice High School (Florida)
.

More than 600 high school seniors attended the event, in which more than 20 organizations participated, including Hughes Aircraft Co., Toyota Motor Corp., Southern Pacific Railroad "Southern Pacific" redirects here. For the country-rock band, see Southern Pacific (band)
The Southern Pacific Railroad (AAR reporting marks SP) was an American railroad.
 and Mattel, Cuza said.

Another career day, though smaller in scope, was held the same week at Oliver Wendell Holmes Middle School Holmes Middle School can refer to:
  • Holmes Middle School (Colorado Springs, Colorado)
  • Holmes Middle School (Dallas, Texas)
  • Holmes Middle School (Fairfax County, Virginia)
 in Northridge.

A third career day is scheduled to be held in Montebello on May 17. About 100 students, 10 from each of 10 different high schools in the area, are expected to attend.

Also, the Los Angeles Area Chamber of Commerce is giving about $3,000 in scholarships to high school students interested in entering trade-related professions, Cuza said.

Some highlights of World Trade Week are the World Trade Week '93 breakfast at the Los Angeles Area Chamber of Commerce in downtown L.A. on May 13 from 7:30 to 9 a.m., where Greg Mignano, executive director of the California State World Trade Commission, is scheduled to speak; a tour of European aircraft manufacturing plants being taken by students at Loyola Marymount University; and the World Trade Week Luncheon, being held May 19 at 11 a.m. at the Biltmore Hotel in downtown L.A., where Mattel Chairman John Amerman will be the keynote speaker.

The scheduled topic for Mignano's breakfast speech is California's export performance. The state's 1992 exports jumped nearly 10 percent to a total of $68.9 billion during 1992, compared with exports of $63.1 billion during 1991, according to statistics released by the California State World Trade Commission.

"Despite a worldwide economic slowdown, California's exporters are claiming an even larger share of the global market," Mignano stated in a prepared release.

Meanwhile, 55 Loyola Marymount students are traveling in Europe for three weeks during May to study aircraft manufacturing in European countries. Companies they plan to visit include British Aerospace, Germany's Dornier, Pilatus, which makes small aircraft, and Madrid-based CASA Ca´sa

n. 1. A house or mansion.
I saw that Enriquez had made no attempt to modernize the old casa, and that even the garden was left in its lawless native luxuriance.
- Bret Harte.
, which manufactures components for Airbus and McDonnell Douglas Corp., said Daniel Stage, associate dean of the college of business at Loyola Marymount.

Meanwhile, Amerman plans to speak at the World Trade Week luncheon about the global approach Mattel takes to its business. Half of Mattel's sales take place outside the United States, explained Mattel spokesman Glenn Bozarth. And its manufacturing also is spread worldwide -- in China, Malaysia, Mexico, Indonesia and Italy, Bozarth said.

Amerman also plans to touch on other issues pertinent to foreign trade in Southern California, such as the General Agreement on Tariffs and Trade General Agreement on Tariffs and Trade (GATT), former specialized agency of the United Nations. It was established in 1948 as an interim measure pending the creation of the International Trade Organization.  talks, the North American Free Trade Agreement North American Free Trade Agreement (NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994.  and the issue of renewing China's most-favored-nation status A method of establishing equality of trading opportunity among states by guaranteeing that if one country is given better trade terms by another, then all other states must get the same terms. , Bozarth said.
COPYRIGHT 1993 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Special Report: Foreign Trade
Author:Glover, Kara
Publication:Los Angeles Business Journal
Date:May 10, 1993
Words:952
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