LOS ANGELES COUNTY EMBARKS ONLANDMARK TRADE MISSION TO CHINA

Supervisor Antonovich to Lead Delegation with World Trade Center Association LA-Long Beach and the LAEDC to Strengthen Vital Trade Pacts

• China--Los Angeles County Supervisor Michael Antonovich will lead a trade mission to China supported by the World Trade Center Association Los Angeles-Long Beach and the Los Angeles County Economic Development Corporation(LAEDC).
• To encourage direct investment from China to Los Angeles County, the delegation will be in Shanghai, Beijing, Tianjin, and Dalian from September 21-30, 2008, and will participate in the World Economic Forum's New Champions meeting in Tianjin.
• The itinerary includes "invest in Los Angeles County" conferences and meetings with Chinese companies in the following industries: Motor Vehicles and Accessories; Computer and Telecommunications; Utilities and Utility Equipment; Metals and Metal Products; and Transportation and Logistics.
• The delegation is also meeting with companies interested in a logistics hub, research and development or design center, and headquarters or representative offices for marketing in Los Angeles County.
• "Los Angeles County is the gateway to the North American market," said Supervisor Antonovich. "Our two ports handle approximately $200 billion in trade with China annually. With 244,000 business establishments, 38,000 Asian-owned business and more than 400,000 Chinese residents, Los Angeles County welcomes Chinese investment."
• "With the extraordinary growth that is happening in China now, this is an unprecedented opportunity to promote business investment from China to Los Angeles County,"said Vance Baugham, President of the World Trade Center Association Los Angeles - Long Beach.
• "Los Angeles County is home to more than 4,500 foreign-owned businesses," said Bill Allen, president and CEO of the Los Angeles County Economic Development Corporation. "Foreign direct investment creates jobs for more than 359,000 workers in L.A. County which represents nearly 10 percent of all private-sector workers in the County. Our mission is designed to attract more investment to create more such jobs in our region."
• About the WTCA
• The World Trade Center Association Los Angeles- Long Beach works to support the development of international trade and business opportunities for Southern California companies as the leading international trade association, trade service organization and trade resource in Los Angeles County. It also promotes the Los Angeles region as a destination for foreign investment. The World Trade Center Association LA- Long Beach is a subsidiary of the Los Angeles County Economic Development Corporation. For more information, please visit http://www.wtca-lalb.org or call +1(213) 680-1888.
• About the LAEDC
• LAEDC, the region's premier business leadership organization, is a private, non-profit organization established in 1981 under section 501(C) (3). It's to attract, retain, and grow business and jobs for the regions of Los Angeles County. Since 1996, the LAEDC has helped retain or attract more than 145,000 jobs, providing $6.3 billion in direct economic impact from salaries and $105 million in annual tax revenue benefit to local governments and education in Los Angeles County. For more information, please visit http://www.laedc.org
• For more information, please download the document
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• For the first time in U.S. history the China Mart, a wholesale/ showroom facility has been created in Los Angeles to facilitate the growth and investment for Chinese manufacturers. China Mart is located at Los Angeles International Airport (LAX) and will create a unique marketing platform for Chinese manufacturers to easily create their own U.S. customer base. This will be done through the professional marketing and sales support from the China Mart and the Canton Fair's experienced executive teams and through their existing global platforms. Making an initial investment of USD $40 million, this project is the first of its kind in the U.S. specifically designed to provide a complete business solution for Chinese manufacturers to easily start selling in the U.S. and to develop a U.S. customer base.
• The China Mart Los Angeles provides the widest range of Chinese products and provides the most comprehensive service package to its tenants. The seasoned management team of the China Mart has decades of successful business and marketing experience in both the U.S and in China to ensure the direct sales efforts of its tenants are done effectively. China Mart provides key services to the Chinese manufacturers such as financing support through its partner, PMF Bancorp, to provide working capital/ trade finance to support the Chinese SME's sales growth in the U.S.. China Mart also has programs designed to create marketing plans and implement sales programs for quick sales penetration into U.S. markets.China Mart will assist in locating factories, warehouse facilities, and logistics partners. China Mart executive team's relationships will also provide introductions to big purchasers such as Wal-Mart, Costco, Target, Disney and Nike if desired as well. China Mart also provides its tenants with service to setup an American-based subsidiary and support in processing L-1 Visas so that a Chinese company has the best chance for success. There is no other platform in the U.S. that provides this comprehensive support and is officially supported by both the U.S. and Chinese governments.

WAY TO SUCCESS

RIGHT TIME

• Comply with sino-American trade development trends and prospects
• The U.S. currently has the largest developed market economy in the world, while China is the fastest growing emerging market in the world. This dynamic creates a complimentary situation for both the U.S. and China to invest and profit from each others market, allowing each to maximize their comparative advantages and potentials. According to U.S. customs statistics through October 2007, the Sino-American trade volume reached USD $281 billion, making China the second largest trading partner to the U.S. The demand for imported goods coming into the U.S. has and continues to soar. The China Mart? provides a welcomed platform to U.S. Companies because it helps them saving time and money by not having to travel to China for sourcing and designing products from China.
• For more information, please download the document
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