Miami Intent on Reasserting its FTAA Secretariat Bid

County hopes to woo IDB conference

South Florida Business Journal – November 24, 2006

International trade advocates hope to host the 2008 Inter-American Development Bank conference in Miami-Dade County.

Leaders at the Jay Malina International Trade Consortium have asked the county commission to support the bid proposal. The IDB ­ a regional development bank that provides lending and technical support for economic and social projects in Latin America and the Caribbean ­ meets in a different country every year.

The United States has been selected as host country for 2008. The IDB conference was last held in the United States in 2000 in New Orleans. More than 6,000 visitors are expected for the 2008 event.

Cost of the conference is estimated from $10 million to $15 million and most of the funding is expected from the private sector. The county, along with Miami and Miami Beach, would be asked to provide police and transportation.

Texas cities Atlanta, Houston and Dallas are also tossing their hats into the ring.

All three have been angling to steal Miami¹s title as “Gateway to the Americas,” especially Atlanta and Houston, which submitted bids for the future headquarters of the Free Trade Area of the Americas (FTAA). Deliberations to create the trade bloc across the Western Hemisphere have deteriorated since the last major gathering of trade ministers. That meeting was Miami in 2003.

Source: http://phoenix.bizjournals.com/southflorida/stories/2006/11/20/daily41.html

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