Under Secretary of Commerce Francisco Sánchez Says the Americas Still Present Opportunities for Business


March 2, 2011 3:00 pm

LOS ANGELES – U.S. Under Secretary of Commerce for International Trade Francisco J. Sánchez told business leaders today that emerging markets in Canada, Mexico and Latin America present significant opportunities for economic growth in California.

Sánchez spoke to local entrepreneurs during the third annual The Americas Business Forum – Creating Jobs Through Exports event hosted by the Los Angeles Area Chamber of Commerce, UCLA Anderson School of Management and the U.S. and Foreign Commercial Service. 

The two-day event brings senior commercial officers stationed at 14 U.S. Embassies in the Western Hemisphere to meet with local businesses and discuss export opportunities that help create jobs and grow the economy.

"Increasing exports of American products and services to global markets can help revive the fortunes of U.S. companies, spur future economic growth and create jobs here at home," said Under Secretary of Commerce for International Trade Francisco J. Sanchez.  "The Americas Business Forum serves as a critical tool in helping connect small and medium-sized businesses in Southern California to market opportunities around the Western Hemisphere."

The Americas Business Forum also included remarks from Los Angeles Deputy Mayor Austin Beutner, UCLA Anderson School of Management Dr. Robert Spich and other trade experts.  Key topics discussed included the legal framework for exporting; protection of intellectual property; free trade agreements in the region and trade logistics and channels of distribution.

“As the gateway to the Americas, Southern California businesses have a tremendous untapped opportunity in Latin America,” said L.A. Area Chamber Senior Vice President of Global Initiatives Carlos J. Valderrama.  “We are proud to partner with the U.S. Foreign and Commercial Service to help our region’s businesses realize these opportunities while also helping to create jobs and grow our local economy.”

The event was sponsored by City National Bank, Musick Peeler, Los Angeles World Airports, The Port of Long Beach, The Port of Los Angeles, FedEx Solutions, Mercury Air Group, Inc. and United Parcel Service.

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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.


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