Global Trade: An Engine that Drives L.A.'s Economy

Maria S. Salinas

April 4, 2019

We might not recognize that our daily lives are positively impacted by global trade. From the clothes we wear, the cars we drive, the phones we use and even the jobs we have – global trade is an engine that touches every facet of our lives. In Los Angeles, there is no doubt that we are fueled by a global economy.

The L.A. region is the logistics capital of the nation and the most important trade hub between the Pacific Rim and Latin America, handling more than 40 percent of all inbound containers and processing more than $431 billion in exports and imports in 2018. Between the ports of Los Angeles and Long Beach – which combined make one of the busiest complexes in the world – Los Angeles World Airports and our rail network, L.A. is indeed a key logistics hub … not just for the U.S., but also for the entire world.
 
For the L.A. Area Chamber, we have been champions of L.A.’s role in the global economy, dating back to our early years. We understand international trade and the potential opportunities that exist for businesses in Southern California. Today, more than 4.7 million California jobs are supported by international trade. And, as businesses grow, we must ensure that they are building capacity to compete globally so that they are not left out of the global economy.
 
For this reason, when speaking with our state and national lawmakers, global trade is a top advocacy priority. With strong in investment in our local infrastructure, we not only benefit this region, but also we contribute to the economic growth across the country. We celebrate this aspect of L.A. with our World Trade Week Breakfast, kicking off a month-long celebration of one of our region’s greatest economic engines on May 2. 
 
The L.A. Chamber will continue its tradition of gathering business, civic and community leaders to celebrate global trade in the region its economic impact. This year’s kickoff event will feature Dr. Udo Lange, CEO and President of FedEx Network Transportation & Brokerage, as well as a special appearance by L.A. Mayor Eric Garcetti. Find more information here.
 
With a focus on our global community, the L.A. Chamber’s convening will lead on one of the most important topics of our economy – global trade. 
 
And that's The Business Perspective.


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