New International Trade Community Economic Development Initiative
November 1, 2000

The Council for the Advancement of Minority Business Internationally (CAMBI) a leading nonprofit international trade organization for minority businesses, recently announced a new national program. The new International Trade Community Economic Development Initiative (ITCED) is a collaborative effort between CAMBI, The Hannaian Investment & Publishing Group (HIPG), and designated local area public officials (APOs) involved in community economic development. As the premier international trade organization promoting international trade for minority U.S. businesses, CAMBI has developed this initiative to bring minority businesses and publicly elected or appointed officials together in order to facilitate the economic development of their communities through monies derived from International Trade. HIPG a group of African American and Caribbean based investors and entrepreneurs will provide additional infrastructural support to the effort.

The program is designed for the typical small business which will increasingly need to understand and be involved with the details of international trade transactions due to the advent of the Internet, and the increase in internationally based financial and business opportunities in the new global economy.

The involvement of public officials from both sides of the international fence, directly in the ITCED process is important because international trade by definition and necessity is intricately involved with governmental processes. Also, public officials intimately understand the needs and capabilities of their local business marketplace, and how locally available international trade programs may supplement or complement ITCED.

While ITCED is designed to provide its business beneficiaries opportunities to generally enter new markets in the international arena, its specific goal is to research and provide access to market expansion opportunities where profit margins are significantly higher than those available domestically. In pursuit of this objective ITCED will emphasize the lucrative services contract opportunities which exist internationally, and which are particularly receptive to U.S. business interests and expertise.

A prime area of emphasis in ITCED will be on building trade and economic bridges and alliances between Afrocentric and Hispanic countries and the African-American and Hispanic-American business communities.

CAMBI will provide a workshop on ITCED and other important international trade topics at the Treasure Coast International Trade Summit for Minority Businesses at the Marriott Beach Resort on Hutchinson Island in Martin County Florida, January 11-14, 2001. The Conference is cosponsored by the Hannaian Publishing Company, the Martin County Business Development Board, and the Martin County Black Heritage Association. For the first time the conference will add an important element of economic empowerment to the Martin County and Treasure Coast Martin Luther King Day Celebrations. Participants from around the United States and the Caribbean will be in attendance. The full agenda of investment and international trade topics can be viewed on the Internet at http://www.hannaian.com/cambi.

For further information on CAMBI services or for listing in the CAMBI Resource Database and Directories contact: Steve Deveaux, Office of the Executive Director, CAMBI, P.O. Box 841, Pompano Beach, FL 33061, Tel. (305) 621-6286 or e-mail to: cambi@hannaian.com... Website: http://www.hannaian.com/cambi.