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Trade key to Miami's economic vitality
T his November, the World Trade Center Miami will bring more than 12,000 foreign and domestic visitors, food and beverage executives and aviation and maritime CEOs and regulators to Miami to attend three signature events created by the World Trade Center Miami.
The 4th SeaCargo Americas and the 10th biennial Air Cargo Americas conferences and trade shows are scheduled for Nov. 4-6. These are premiere events for their respective industries, generating $100 million in on-site reported transactions at each gathering.
The 12th Americas Food & Beverage Show (Nov. 9-10) is the hemisphere's largest Americas-focused trade event for the food and beverage industry with $3.4 billion in reported sales. The combined projected sales from the three events over the past 20 years are in the billions.
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World Trade Center Miami helps drive business to South Florida
When Charlotte Gallogly was growing up, she often spent Saturdays at the library reading about, in her words, ``far away places with strange-sounding names.''
Today, as president of the World Trade Center Miami, she helps bring thousands of people from far away places to trade shows and conferences in Miami. The center, established in 1985, organizes some of the largest trade shows in the hemisphere, including Air Cargo Americas, SeaCargo Americas and the Americas Food & Beverage Show. It also puts together events such as the State of the Ports, World Trade Week and International Women's Day.
The two cargo events held in Miami last week and the food and beverage show, which closed on Tuesday, attracted thousands of visitors from scores of countries, as well as businessmen and government representatives from South Florida, said Gallogly, who took over as president of the WTC Miami in 1987 when the organization became operational.
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World Trade Center Miami helps drive business to South Florida
When Charlotte Gallogly was growing up, she often spent Saturdays at the library reading about, in her words, ``faraway places with strange-sounding names.''
Today, as president of the World Trade Center Miami, she helps bring thousands of people from distant places to trade shows and conferences in Miami. The center, established in 1985, organizes some of the largest shows in the hemisphere, including Air Cargo Americas, SeaCargo Americas and the Americas Food & Beverage Show. It also puts together events such as the State of the Ports, World Trade Week and International Women's Day.
The two cargo events held in Miami last week and the Americas Food & Beverage Show, which closed Tuesday, attracted thousands of visitors from scores of countries, as well as business executives and government representatives from South Florida.
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International trade rebound skips South Florida
While nationwide trade is on the upswing, signaling the recession is beginning to lose steam, activity at South Florida's ports shows the downturn is far from over.
Nationally, economists were giddy this week when exports rose for the second consecutive month and imports increased for the first time in 11 months. But the volume of international trade in South Florida declined unexpectedly from May to June, dipping 19 percent below the same month last year.
``This is the steepest one-month decline we've bridged all year, which is discouraging,'' said Ken Roberts, president of WorldCity, a Miami-based publication that tracks global trade.
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Slump in trade hits cargo carriers hard
International cargo carriers are struggling to stay afloat in the face of a worldwide recession that has slashed cargo demand, reduced international trade and increased competition among shipping lines, executives said Wednesday at a joint sea and air cargo conference.
``The news for our industry is sobering,'' said Carlos Velez, vice president and managing director for Latin America at APL, a global transportation and logistics company.
``Our industry is on the path to lose $20 billion this year and for the first time in decades, we will have negative trade growth.''
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