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World Trade Centers Association and The Union of Chambers and Commodity Exchanges of Türkiye Sign Memorandum of Understanding to Further the Promotion of International Trade

Partnership provides close collaboration on creating international trade opportunities together with WTCA Members in Türkiye
Jul 27, 2022

New York, July 27, 2022 - The World Trade Centers Association® (WTCA®), an international trade organization connecting over 300 World Trade Center® (WTC®) locations in nearly 100 countries, signed a Memorandum of Understanding (MOU) with The Union of Chambers and Commodity Exchanges of Türkiye (TOBB) last week on July 21, to formalize its cooperation in facilitating and promoting global trade combining the strengths of both TOBB’s and the WTCA’s global networks.

TOBB is the highest legal entity in the country of Türkiye, representing and guiding the private sector. It consists of 365 local chambers of commerce, industry, maritime commerce and commodity exchanges in 81 provinces and 160 counties, encompassing 1.5 million enterprises. TOBB represents the Turkish business community in the international arena and assists small- and medium-sized enterprises (SMEs) in accessing foreign markets.

Türkiye is open to international investments and is hoping the MOU and the power of the global WTCA network — along with its existing WTC businesses in Ankara and Istanbul — can help drive further corporate investments to the country and assist with trade efforts. Together with WTC Istanbul and WTC Ankara, the WTCA is excited to also collaborate with TOBB in Türkiye in support of mutual strategic initiatives and growth of the WTCA network in Türkiye.

The MOU establishes a preferred partnership between the WTCA and TOBB. Joint activities will focus on:

●        Organization of inbound and outbound trade missions.

●        Mutually offering service support for inbound and outbound trade missions to the members of each of the parties.

●        Augmentation of the WTCA’s outreach efforts in Türkiye.

●        Exchanging networking opportunities that will benefit WTCA members.

“I am proud that together with WTC Istanbul and WTC Ankara we created a unique partnership with TOBB strengthening our respective organizations in their efforts to promote and facilitate international trade opportunities. The partnership between the WTCA and TOBB will be extremely beneficial to both parties,” said Robin van Puyenbroeck, WTCA Executive Director - Business Development, “and the MOU between the two entities is going to usher in a new age of international business collaboration in a region that is at the crossroads of Europe, Asia and Africa.”

“In the context of this MOU, exports of goods and services, joint investments within and outside the country are extremely important. We are striving to bring more direct investments to our country,” said Rifat Hisarcıklıoğlu, President of TOBB. “With this MOU, the necessary platform will be provided for cooperation between our members. I hope that this agreement will be beneficial for the business world in our country.”

Mr. van Puyenbroeck also added, “our mission to facilitate and promote trade is now more important and relevant than ever. This is not just a trade project, but a peace project through trade to bring the business community together.”

MEDIA CONTACTS:

World Trade Centers Association (WTCA)

Chanelle Kasik

Phone: +1 212 432 2644

Email: ckasik@wtca.org

Violet PR

David Margolis

Phone: +1 917 331 4855

Email: david@violetpr.com

About World Trade Centers Association (WTCA)

The World Trade Centers Association (WTCA) is a network of more than 300 highly connected, mutually supporting businesses and organizations in 92 countries. As the owner of the “World Trade Center” and “WTC” trademarks, the WTCA licenses exclusive rights to these brands for Members to use in conjunction with their independently-owned, iconic properties, facilities and trade services offerings. Through a robust portfolio of events, programming and resources that it offers its Members, the goal of the WTCA is to help local economies thrive by encouraging and facilitating trade and investment across the globe through Member engagement. To learn more, visit www.wtca.org.

About The Union of Chambers and Commodity Exchanges of Türkiye (TOBB)

The Union of Chambers and Commodity Exchanges of Türkiye (TOBB) is the umbrella organization in Türkiye representing the private sector. Small, medium and large businesses from each and every sectors are TOBB’s members. TOBB has over 1.8 million companies as member of chambers and commodity exchanges. Today, TOBB has 365 members in the form of local chambers of commerce, industry, commerce and industry, maritime commerce and commodity exchanges.

TOBB also has sectorial councils in 61 different sectors. Back in 2005, TOBB established a university. Over the years, it has become one of the successful universities of Türkiye. TOBB established a think-tank organization, TEPAV. TEPAV focuses on economic policy issues. TOBB is a member of a wide international chamber network; EUROCHAMBRES, Islamic Chambers, Confederation of Asia Pacific Chamber of Commerce, D8 CCI, Turkic Chamber of Commerce and Industry. For more details, please check “TOBB in Brief” at: https://www.tobb.org.tr/ozetleTOBB/ozetletobb-en.pdf.


4th Edition of WTCA Prime Office Index LatAm Proves Projections for the Premium Office Segment Are Increasingly Positive in Latin America

Jun 28, 2022

●        The index started at -40% in 2020 and closed at 2% for the first half of 2022 with expectations to continue growing.

●        Leasing is projected to recover faster than the sales segment.

●        Premium office users value buildings with features and technologies that make them environmentally sustainable.

Bogotá, June 28, 2022 - The World Trade Centers Association® (WTCA®) — a global network connecting over 300 World Trade Center® (WTC®) locations in nearly 100 countries — has launched the 4th edition of its WTCA Prime Office Index Latin America (LatAm) in collaboration with global business publication Latin Trade. After gradually reducing the restrictions generated by the pandemic caused by COVID-19, the real estate sector — one of the hardest hit, specifically in the premium office segment — is beginning to indicate a positive trend in the market. This has been evident to experts since December 2021 and continues to grow, according to the latest WTCA report.

This index, which consults experts in more than 20 cities in Latin America, seeks to track the recent behavior and future prospects of premium office leases and sales in Latin America every six months. For the first half of 2022, the results are positive by 2%, one point higher than the previous semester, and there are expectations that this trend will continue to occur in the future, both in the leasing market and in the sales market as there is a better economic situation. There is confidence that higher prices will be achieved. This reflects the economic recovery that the countries of the region are having after the COVID-19 pandemic.

Another of the main findings was that by the end of 2022, the index is expected to continue to rise, both for the leasing and sales markets.

Premium office leases during the first half of 2022 showed a positive trend driven by rising prices, a more favorable economic situation, and more offices located at the highest price level. Although the premium office market has recovered after the pandemic, it still does not achieve its maximum occupancy. Despite this and many companies reducing the size of their offices, 35% of respondents reported price increases. In addition, 50% establish that the average price of leases during the year's first half is between U.S. $ 12 and U.S. $ 18 per square meter.

"While in the second half of 2021, the economic situation was the factor that most negatively affected the leasing of premium offices in Latin America, the first half of 2022 was characterized by an increase in the percentage of experts who consider that the economic situation is favorable for leases," said Carlos Ronderos, WTCA Latin America Regional Director.

However, both the behavior of the premium sales market for the first half of 2022 and the expectations for the second half are projected in positive territory. About 75% of respondents consider that the sale price of an office remained stable, and 65% expect it to continue by the end of this year. Despite the results obtained, the sector still has a lot of uncertainty due to inflation and the conflict between Russia and Ukraine. In short, the sales market has reacted more slowly than the leasing market, among other reasons, due to increases in interest rates.

On the other hand, environmental sustainability in premium offices is beginning to be part of the panorama evaluated by experts, as all industries are focusing on achieving the objectives established in the Paris Agreements. The report highlights that a vital path has been traveled, as 50% of respondents say that in their cities, premium office users very much value buildings with features and technologies that make them environmentally sustainable. In addition, it is suggested that different governments should establish tax incentives and rules that require the incorporation of environmental criteria into new construction projects.

The trend for the end of 2022 and the beginning of 2023 is for the market to continue growing. Expectations for the second half of 2022 show that optimism about the economic situation will continue, and that lease prices will remain stable. Experts expect vacancy times to go down, as well as the time it takes to lease offices. In the office sales segment, although no major changes in the economic situation are predicted, it is expected that sales times will remain stable and that sales prices will be projected upwards.

For the full report, visit https://issuu.com/wtca/docs/wtca_latam_index_june_2022?fr=sNmEwNjMxODMwNg.

MEDIA CONTACTS:

World Trade Centers Association (WTCA)

Chanelle Kasik

Phone: +1 212 432 2644

Email: ckasik@wtca.org

Violet PR

David Margolis

Phone: +1 646 586 9932

Email: david@violetpr.com

About World Trade Centers Association (WTCA)

The World Trade Centers Association (WTCA) is a network of more than 300 highly connected, mutually supporting businesses and organizations in 92 countries. As the owner of the “World Trade Center” and “WTC” trademarks, the WTCA licenses exclusive rights to these brands for Members to use in conjunction with their independently-owned, iconic properties, facilities and trade services offerings. Through a robust portfolio of events, programming and resources that it offers its Members, the goal of the WTCA is to help local economies thrive by encouraging and facilitating trade and investment across the globe through Member engagement. To learn more, visit www.wtca.org.


World Trade Centers Association’s 2022 General Assembly “Exploring New Horizons” Attracts Nearly 600 Participants from More Than 60 Countries

Artificial Intelligence-powered matchmaking platform fostered global B2B networking during virtual conference focused on business opportunities throughout Africa
Apr 28, 2022

NEW YORK (April 28, 2022) – The World Trade Centers Association® (WTCA®), an international trade organization connecting over 300 World Trade Center® (WTC®) locations in nearly 100 countries, gathered nearly 600 participants from more than 60 countries at its 2022 General Assembly (GA), which was held virtually from April 18-22. Attendees participated in two days of livestream sessions featuring prominent keynote speakers discussing business opportunities in Africa and a full week of Artificial Intelligence (AI)-powered B2B matchmaking opportunities across all time zones. Focused on the theme, “Exploring New Horizons,” the GA demonstrated the strength of the WTCA network, and offered attendees the opportunity to learn from leading experts and to connect with each other virtually.

“Even though our association’s premier global annual event was held virtually again this year, our AI-powered B2B matchmaking platform continued to offer attendees the ability to maximize time spent establishing business connections – with valuable access 24/7 around the world,” said John E. Drew, WTCA Chair, Board of Directors. “During this year’s event, we explored the wide range of industries and sectors in Africa, and the qualities that makes the continent an investment destination. Africa is in a geo-strategic location to support both the Asian and European markets from a nearshoring perspective, and is a viable partner for our members and their global business networks.”

The 2022 GA offered a series of informative livestream events, including fireside chats, panel discussions and presentations on topics intended to showcase the African business community. The keynote address featured Atsuko Toda, acting Vice President for agriculture, human and social development of the African Development Bank, who discussed the acceleration of the African agriculture transformation. Other notable sessions included a fireside chat with Soji Awogbade, Partner and Lead of the International Trade, Energy and Natural Resources and Agriculture Practice Groups at ǼLEX, talking about the African Continental Free Trade Area (AfCFTA); as well as a panel discussion on doing business in Africa with WTCA members from Algeria, Côte d'Ivoire, Ghana, Mauritius and Nigeria. 

“This year’s GA uncovered that small- and medium-sized enterprises (SMEs) are the crux of the African economy and there is so much potential for global trade and investment,” said Robin van Puyenbroeck, WTCA Executive Director-Business Development. “Our global network of World Trade Center businesses is critical to drive opportunities throughout the continent because each represents hundreds, sometimes thousands, of SMEs. It is through this connectivity and power of our network that our association can help facilitate business on a global scale across industries and sectors.”

Attendees were also briefed on many different updates across the WTCA, including the official announcement of the winners of the 2021-2022 WTCA 2021-2022 WTCA Champions Awards.

“With a renewed focus on business in Africa, we hope this GA provided a glimpse into the opportunities available at next year’s, which will be hosted in Accra, Ghana by World Trade Center Accra,” Drew announced.

The 2023 WTCA GA will be held from April 23-28.

To view recordings of the livestream sessions from the 2022 WTCA GA, please click here.

Check out our feature in CNBC Africa where WTCA Executive Director-Business Development Robin van Puyenbroeck sits with Fifi Peters on her  “Power Lunch SA” show to discuss key takeaways from the recent 2022 WTCA General Assembly  including how the Association helps SMEs facilitate global trade, business opportunities in Africa and what makes the continent an investment destination. The interview features a great conversation on agriculture, access to financing and the AfCFTA, and can be viewed  here

MEDIA CONTACT:

World Trade Centers Association (WTCA)

Chanelle Kasik

Phone: +1 212 432 2644

Email: ckasik@wtca.org

About World Trade Centers Association (WTCA)

The World Trade Centers Association (WTCA) is a network of more than 300 highly connected, mutually supporting businesses and organizations in 92 countries. As the owner of the “World Trade Center” and “WTC” trademarks, the WTCA licenses exclusive rights to these brands for Members to use in conjunction with their independently-owned, iconic properties, facilities and trade services offerings. Through a robust portfolio of events, programming and resources that it offers its Members, the goal of the WTCA is to help local economies thrive by encouraging and facilitating trade and investment across the globe through Member engagement. To learn more, visit www.wtca.org.


World Trade Centers Association Reveals 2nd Annual Champions Awards Winners

Awards recognize outstanding contributions to the association’s global network, as well as their local and global communities
Apr 21, 2022

NEW YORK, NY – April 21, 2022 The World Trade Centers Association® (WTCA®) recently announced the winners of the 2022 WTCA Champions Awards during its 2022 WTCA General Assembly to recognize outstanding contributions from member World Trade Center® (WTC®) businesses within the WTCA network, and in their local and global communities. The association’s global network is comprised of more than 300 WTC locations in nearly 100 countries.

This year’s competition featured 18 nominees who were nominated by their fellow WTCA members, while the final winners were selected for their contributions to the network across four categories — Connectivity, Reciprocity, Network Support and Sustainability — and the coveted Member of the Year award exemplifying the values, vision, mission and goals of the association.

“Throughout the past year, we have seen a number of remarkable initiatives, projects and events led by our WTCA Members during this ‘new normal.’ We are thrilled to award this year’s recipients of the WTCA Champions Awards – and even more so with two returning winners from the inaugural competition – for their outstanding contributions to the WTCA network, and their local and global communities,” stated John E. Drew, Chair, Board of Directors of the WTCA.

The winners are as follows:

  • Champion Award for Member of the Year: Karen Gerwitz of WTC Denver for her coordinating role in the WTCA Trade Service Operating Manual, which provides member support to connect with their counterparts within the network to foster international trade. With the manual, she also expands the reach and quality of the trade services, which helps WTCA members maintain and provide the highest quality service to their business members.
  • Champion Award for Connectivity: Freerk Faber of WTC Twente for initiating a number of joint projects between WTC businesses, and his dedication and willingness to improve the WTCA network and connections.
  • Champion Award for Reciprocity: Evert Jan (EJ) Schouwstra of WTC Leeuwarden for his involvement as Vice-Chair and current Chair of the EMEA Trade Services Member Advisory Council as well as his “Promising Cities for International Business” webinar series.
  • Champion Award for Network Support: WTC Toronto for initiating the Trade Accelerator Program and taking the lead on virtual and in-person trade missions with other WTC businesses, and supporting those WTC businesses to host their own.
  • Champion Award for Sustainability: WTC St. Louis for its Mosaic Project to integrate immigrants into the St. Louis community for equal opportunity and gain the support of the international business community.

“On behalf of the association, we extend our congratulations to all of this year’s winners and nominees,” said Robin van Puyenbroeck, Executive Director-Business Development of the WTCA. “Our network was founded with the mission to ‘connect locally and prosper globally,’ and we continue to be impressed by the gold standards of service that our member base demonstrates on a daily basis to drive a positive impact on global trade and investment.”

All winners were announced and awarded virtually by Robin van Puyenbroeck during the WTCA’s General Assembly where more than 500 participants across 134 WTC locations in more than 60 countries came together for the association’s global virtual conference. To learn more, please visit the Champions Awards homepage and follow the WTCA on social media using the hashtag #WTCAChampion:

MEDIA CONTACT:

World Trade Centers Association (WTCA)

Chanelle Kasik

Phone: +1 212 432 2644

Email: ckasik@wtca.org

About World Trade Centers Association (WTCA)

The World Trade Centers Association (WTCA) is a network of more than 300 highly connected, mutually supporting businesses and organizations in 92 countries. As the owner of the “World Trade Center” and “WTC” trademarks, the WTCA licenses exclusive rights to these brands for Members to use in conjunction with their independently-owned, iconic properties, facilities and trade services offerings. Through a robust portfolio of events, programming and resources that it offers its Members, the goal of the WTCA is to help local economies thrive by encouraging and facilitating trade and investment across the globe through Member engagement. To learn more, visit www.wtca.org.


World Trade Centers Association Focuses on Business Opportunities in Africa at its 2022 General Assembly “Exploring New Horizons”

Artificial Intelligence-powered matchmaking platform to once again foster global B2B networking during 100% virtual business conference
Apr 08, 2022

New York, NY (April 8, 2022) — The World Trade Centers Association® (WTCA®) — an international trade organization connecting more than 300 World Trade Center® (WTC®) locations in nearly 100 countries — will host its annual 2022 WTCA General Assembly (GA) with a focus on business opportunities in Africa. This year’s event will once again be complimentary and held virtually with an Artificial Intelligence (AI)-powered B2B matchmaking platform to maximize time spent establishing business connections between attendees around the world. Hosted by the WTCA team in New York, the business conference will be held from Monday, April 18 to Friday, April 22.

The GA will bring together WTCA Members and their global business networks consisting of leaders from business, government, academia, media and international organizations, reflecting the WTCA's diverse global footprint. With the theme of “Exploring New Horizons,” the 2022 GA promises to be a unique and engaging week-long event, demonstrating the strength of the WTCA network and offering attendees the opportunity to learn from leading experts and connect with each other virtually through the matchmaking platform.

“For the second year in a row, we are pleased to host the GA virtually and offer AI-powered B2B matchmaking to all attendees free of charge. This platform is an efficient and effective way to find business prospects around the world, and has become a huge benefit to enhance our network’s ability to connect and facilitate trade for our Members and their business networks,” said John E. Drew, Chair, Board of Directors of the WTCA. “Also, with a renewed focus on business in Africa, we hope this GA provides a glimpse into the opportunities available at next year’s GA – which will be hosted in Accra, Ghana by World Trade Center Accra.”

This year’s GA will feature two half-days of livestream programming, kicking off on April 19 with WTCA Members-only programming to provide updates from the WTCA Board of Directors and senior leadership, as well as from the nine Member Advisory Councils (MACs) covering Agriculture, Business Clubs, Conferences & Exhibitions, Real Estate and Trade Services. On April 20, the last day of the GA’s mainstage programming – which is open to all attendees – will include a keynote address with Atsuko Toda, Acting Vice President for Agriculture, Human and Social Development of the African Development Bank; a fireside chat with Soji Awogbade, Partner and Lead of the International Trade, Energy & Natural Resources and Agriculture Practice Groups at ǼLEX, on the African Continental Free Trade Area (AfCFTA); as well as a panel discussion on "Africa, Continent of Opportunity" with WTCA Members from Algeria, Côte d’Ivoire, Ghana, Mauritius and Nigeria. The day will conclude with the kick-off to the 2023 General Assembly. Livestream programming is open to all attendees unless otherwise noted for “WTCA Members only” and will be hosted in English with simultaneous translations in French and Spanish.

Available to GA attendees 24/7 for the whole week from April 18 to April 22 across all time zones, the AI-powered matchmaking platform uses an algorithm to collect and process individual interests of every event attendee, providing them with the means to discover the right content, foster meaningful connections with relevant matches and achieve individual goals. The tool also has the ability to learn from attendee interactions, further improving match relevance in real time and scheduling virtual one-on-one meetings instantaneously. Business sectors represented by attendees at the 2022 GA include: Agriculture; Automation & Automotive; Construction & Engineering; Energy, Power, Gas, Petroleum, Renewables; Fintech, Enterprise Software, Data, IT; Food & Beverage; Metals & Mining; Pharmaceuticals, Healthcare, Medical Devices; Real Estate Development, Rental, Leasing, Sales; Tourism & Hospitality; and Transportation, Logistics, Telecommunications.

“With the addition of the AI-powered matchmaking tool to our annual offerings, the association now provides 24/7 matchmaking on a global level, across all industries and sectors,” said Robin van Puyenbroeck, Executive Director-Business Development of the WTCA. “The platform is seamless and easy-to-use, allowing attendees to participate in relevant B2B meetings while its algorithm does the work for them. We strongly encourage all businesses looking for new connections to participate in this year’s GA. It is an opportunity you do not want to miss.”

For more information about the 2022 WTCA General Assembly, please visit https://wtca.swoogo.com/2022wtcageneralassembly. Also, follow along on social media #WTCAGeneralAssembly.

MEDIA CONTACT:

World Trade Centers Association (WTCA)
Chanelle Kasik
Phone: +1 212 432 2644
Email: ckasik@wtca.org

About World Trade Centers Association (WTCA)

The World Trade Centers Association (WTCA) is a network of more than 300 highly connected, mutually supporting businesses and organizations in 92 countries. As the owner of the “World Trade Center” and “WTC” trademarks, the WTCA licenses exclusive rights to these brands for Members to use in conjunction with their independently-owned, iconic properties, facilities and trade services offerings. Through a robust portfolio of events, programming and resources that it offers its Members, the goal of the WTCA is to help local economies thrive by encouraging and facilitating trade and investment across the globe through Member engagement. To learn more, visit www.wtca.org.