May 19, 2011: Latin Business Association
Signs Strategic Partnership with State of Sinaloa, Mexico
The LBA is once again leading the way to international business on a global scale. “This is the first of many State partnership signings to be created with Mexico, and the first time that a business organization in the United States has signed an agreement with an entire State in any Country”, stated LBA Chairman/CEO Ruben Guerra.
Using the LBA’s 35 year experience, this historical Partnership will create:
- Security for businesses wanting to do business in the United States
- A win-win situation for California and Mexico
- The means for businesses in both countries to do business with one another
- Improved pricing and competitiveness
The LBA will open an office in Sinaloa, which will be supported by its Government, and Sinaloa will have a key contact in the LBA office located in Los Angeles, California. The LBA is currently in the process of signing similar strategic partnerships with other states in Mexico, as well as in Asia.
Cooperation Agreement between the Latin Business Association (LBA) and Sinaloa State Government, through the Foreign Trade Department of the Economic Development Secretary:
Hereafter, the Latin Business Association (La Asociacion de Empresarios Latinos) will be reffered to as the LBA, and the Sinaloa State Government, through the Foreign Trade Department of the Economic Development Secretary, (el Gobierno del Estado de Sinaloa a traves de la Direcion de Comercio Exterior de la Secretaria de Desarrollo Economico) will be reffered to as DCE.
The LBA is a nonprofit association which was founded in the year 1976 and currently is the organization of Latino Business with the largest community of active members in the United States of America. For over 30 years, one of its primary objectives is to generate the appropriate environment for the economic growth its members, through promotion, training, education and the generation of local and international opportunities for commercial and technological trade.
The DCE is the operating arm for foreign trade for the Sinaloa State Government, and manager of the Economic Development Secretary, whose main objective is to generate international trade opportunities to further the development of both importation and exportation trade and channels of commerce which provide the greatest benefit to micro, small, medium and large businesses in Sinaloa. Thus, as part of these overall objectives, it seeks to create innovative alliances to build the highest economic growth for both its enterprises, and the state.
As both entities converge in maintaining a commitment to guiding and developing companies within the international framework, sharing vital information, supporting the penetration of global markets and generating logistic strategies that decrease distance, tariff, linguistic and cultural barriers, the signing of this cooperation agreement is promoted.
Purpose of the Agreement:
The purpose of this International Cooperation Agreement is:
- To formalize the commitment of both sides in having a closer relationship and taking the opportunity that it represents for LBA Member business owners, and the corporate sector within the Sinaloan State
- To combine the capabilities of both sides for strengthening the work environment, and leveraging that strength to improve representation of Latin businesses throughout the world
- For both sides to engage in innovative commercial and technological exchange, in order to generate new opportunities for economic growth for the involved sectors
This Cooperation Agreement will promote:
- Holding of meetings of trade and technological exchanges. The LBA is committed to creating trade links between Sinaloa companies and businesses associated with the LBA, throughout the world. The LBA will share its services, its associated directory and exhibition spaces, in order to facilitate trade and technological exchanges. Different meetings will take place, which are classified in the following way:
a. Trade mission for LBA International Suppliers: when one or more Sinaloa companies that are affiliated with the LBA, visiting the locations of one or more enterprises associated with the LBA but located in another country, with a trade objective or technological exchange.
b. Trade mission for LBA International Customers: when one or more companies that are not located in Sinaloa but affiliated with the LBA, visiting the locations of one or more enterprises from Sinaloa and affiliated with the LBA, with a trade objective or technological exchange.
c. Expos and fairs: trade events, where enterprises from Sinaloa display their products and services targeted to the public or special groups. These events can be performed anywhere in the world
- Sharing office space. Sharing of physical spaces for handling correspondence and customer attention, where both sides will be supplied with stationery materials, office furniture and the use of facilities and other services at no cost.
a. DCE office that is available for the use of the LBA is located in:
Centro Pymexporta: Palacio de Gobierno Avenida Insurgentes S/N 2do piso, Centro Sinaloa. Código Postal 80129, Culiacán Sinaloa México.
b. LBA office that is available for the use of Sinaloa companies is located in:
Union Bank Building: 120 South San Pedro Street, Suite 530, Los Angeles, California 90012 United States of America
- Sign up for Sinaloa enterprises as active members of the LBA. In order to receive the benefits as participants in this cooperative agreement, Sinaloa enterprises must sign up as LBA active members
Partnership signed this day, 19th of the month of May, in the year 2011 by:
Lic. Eduardo Ortiz Hernandez
Secretary for Economic Development
Office of the Governor of the State of Sinaloa, Mexico
Chairman and CEO of the Latin Business Association
About Sinaloa, Mexico
Sinaloa, known officially as Estado Libre y Soberano de Sinaloa (Free and Sovereign State of Sinaloa) is one of the 31 states which, with the Distrito Federal (Federal District), comprise the 32 Federal Entities of Mexico.
Located in Northwestern Mexico, Sinaloa is bordered to the north by the state of Sonora, and to the east by Chihuahua and Durango, although separated from them by the Sierra Madre Occidental, and to the south by Nayarit. To the west, Sinaloa occupies a significant portion of the Gulf of California coastline. Altogether, the state covers an area of some 22,153 sq. mi., and includes the islands of Palmito Verde, Palmito de la Virgen, Altamura, Santa Maria, Saliaca, Macapule and San Ignacio.
Sinaloa is divided into 18 municipalities. Its capital city, Culiacan Rosales, with approximately 700,000 inhabitants, serves as the state’s administrational and commercial hub. Its two major seaports, Mazátlan and Topolobampo, help to make Sinaloa a strategic point linking Mexico to the US and Asia. Another important city is Los Mochis.
Sinaloa is Mexico’s most prominent agricultural state, which has recently seen considerable growth, producing such crops as tomatoes, beans, corn, wheat, sorghum, rice, potatoes, soybeans, sugarcane, pumpkin, watermelon and squash, both for local and national consumption. Its high productivity also allows participation in international markets by the exporting of fruit and vegetable products worldwide.
Sinaloa also enjoys a healthy fishing industry, boasting Mexico’s second-largest fishing fleet, and having many canning and frozen food packaging plants. Other important activities include livestock breeding, which produces a wide variety of both meat and dairy products, and commerce and industry.