International Trade Insights
Oct/Nov 07
"A piece of good news is that exports out of the customs district should continue to grow rapidly, rising by 14.9 percent, due to the weakness in the U.S. dollar combined with favorable economic conditions in the region's major trading partners," says Kyser.
The Ports of Los Angeles and Long Beach retained their number-one ranking among the nation's ports in number of containers handled during 2006. The twin ports ranked fifth globally in container activity. And the Los Angeles Customs District retained its first-place ranking in the United States in total two-way trade value. China and Japan are Los Angeles's top trading partners. "The passage of bond proposal last fall provides resources for the urgently needed infrastructure projects in the region," said Vance Baugham, president of the World Trade Center Association Los Angeles-Long Beach.
But it's not all about the ports and the status as "gateway to the Pacific Rim." California's time zone is reasonable for communication purposes with Asian nations and bilingual talent is readily available, says Loo. "Southern California continues to attract foreign investment," he says. "It's the place of choice for many foreign companies because it's a great place to work, the labor is relatively inexpensive and there is a wealth of immigrants from around the world."
Project Announcements
Takeda Pharmaceuticals Expands Los Angeles, California, Operations
06/17/2024
ThermoGenesis Holdings Establishes Rancho Cordova, California, Operations
10/28/2023
Reyes Coca-Cola Bottling Expands Rancho Cucamonga, California, Operations
09/08/2023
Trader Joe's Establishes Palmdale, California, Operations-Distribution Complex
07/14/2023
Bosch Establishes Roseville, California, Operations
04/28/2023
Solidigm Plans Rancho Cordova, California, Global Research-Development Complex
10/05/2022
Orca Bio Establishes Sacramento, California, Research Complex
09/15/2022
Toyota Motor North America Upgrades Long Beach, California, Manufacturing Plant
03/20/2022
Patriot Rail Plans Merced, California, Rail District Hub
02/10/2022
AutoZone Establishes Chowchilla, California, Distribution Hub
12/23/2021
South Korea-Based Pulmuone Expands Fullerton, California, Plant
12/15/2021
TurtleTree Opens Sacramento, California, R&D Campus
10/15/2021
Ace Hardware Plans Visalia, California, Retail Support Center
08/31/2021
Lockheed Martin Opens Palmdale, California, Advanced Manufacturing Complex
08/11/2021
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