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Worldwide world trade center

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Worldwide world trade center

The World Trade Centers Association (also abbreviated as: WTCA) founded in 1970 following the establishment of the first World Trade Center in New York City is a not-for-profit, non-political association dedicated to the establishment and effective operation of World Trade Centers (WTCs) as instruments for trade expansion representing 316 members in 91 countries (World Trade Center of Grenoble in France for example). The WTCA is an unofficial umbrella trade association that unites corporations and government agencies in international trade.

Licensing fees

The Association bought the trademark to the "World Trade Center" name for $10 from the Port Authority of New York and New Jersey and licenses its name for other world trade center buildings and also receives a licensing fees greeting cards, pens and binoculars. The terms of the licensing were not widely publicized until 2013 when North Jersey.com revealed the terms when it was announced that the Association was wanting $500,000 worth of free office space in the new One World Trade Center. The article noted that Guy F. Tozzoli who negotiated the deal made millions off the arrangement including making $1.7 million/year plus $113,000-a-year public pension for 2009, 2010 and 2011 (the only years where the tax returns were available at the time of article.[1] The WTCA has more than 287 licensed world trade affiliates in 88 countries and more than 750,000 companies and individuals[2]

Principles and governance

The WTCA's founding principles are:

  • To encourage the expansion of world trade;
  • To promote international business relationships and understanding among nations;
  • To foster increased participation in world trade by industrializing nations;
  • To create and encourage mutual assistance and cooperation among members; and
  • To promote and further the concept of the World Trade Center.

The WTCA is governed by a 24-member international Board of Directors, composed of executives from WTCA members around the world, and elected by the membership. Eight permanent committees have been established to carry on the work of the Association in the following fields:

In December, 2008 WTCA Committee on Peace and Stability through Trade awarded its first Robert Thompson, Founder of CenTradeX, inc. Nashville, TN

See also

  • List of world trade centers

References

Further reading

External links

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