LOS ANGELES, CA – The Los Angeles Area Chamber of Commerce announced today that it has expanded trade opportunities for local businesses by signing a Memorandum of Understanding (MOU) with the Korea International Trade Association (KITA) based in Seoul to promote trade and investment between the two regions.
As part of the agreement, the L.A. Area Chamber and KITA will encourage, promote and organize trade missions, matchmaking, and networking opportunities for businesses based in Los Angeles and Seoul.
“This MOU serves to promote trade between the L.A. region and Seoul,” said L.A. Area Chamber Senior Vice President of Global Initiatives, Carlos Valderrama. “In order to create jobs and improve our economy in Los Angeles, we must embrace all international trade opportunities such as this one.”
Governor Arnold Schwarzenegger and other officials from California were on hand to witness the signing of the MOU, which took place during Governor Schwarzenegger’s trade mission to Asia, which included stops in China, Japan and South Korea.
This partnership with KITA serves as another important addition to the Chamber's strategic alliances with the Nagoya Chamber of Commerce, AmCham Chile, AmCham Peru, the High Council of Chambers of Commerce of Spain, KITA U.S. and the Consejo Empresarial Mexicano (COMCE).
The L.A. Area Chamber recognizes that the future of our economy is tied to international trade. The Chamber's Global Initiatives Committee fosters the development and access to foreign markets for local companies and provides global matchmaking services to foreign entities seeking U.S. joint venture partners, distributors and retailers.
The Los Angeles Area Chamber of Commerce represents the interests of business in L.A. County. Founded in 1888, the Chamber promotes a prosperous economy and quality of life in the Los Angeles region. For more information, visit www.lachamber.com.