Long Island's First International Trade Institute Opens at C.W. Post

To provide a resource for New York area businesses engaging in international trade as well as valuable training for its students, the College of Management at Long Island University's C.W. Post Campus has established an International Trade Research Institute (ITRI). The Institute is the first of its kind on Long Island and is headed by well-known economist Dr. Pearl Kamer.

The Institute was officially launched at a Nov. 13, 1997 press conference in the Great Hall on the C.W. Post Campus in Brookville, N.Y. Presenters and speakers included Dr. Kamer, institute director and chief economist for Long Island Association; David J. Steinberg, president of Long Island University; Robert J. Sanator, dean of the College of Management; and Edward Travaglianti, chairman and chief executive officer of EAB.

Global trade accounted for one-third of the nation's economic growth during the 1990s and new trade agreements with China, Japan and the European Union should allow the U.S. to increase its exports well into the next century, according to Dr. Kamer. To help New York area businesses remain viable competitors, the ITRI will sponsor conferences, workshops and research reports throughout the year on current issues in trade, including

* free trade in a global economy
* trade implications of a monetary union in Europe
* trade opportunities in the Western Hemisphere
* how small- and medium-sized businesses can participate in global trade
* The impact of the Asian economic crisis on U.S. trade

The Institute's researchers, comprised of economists, financiers, accountants, marketing experts and business managers from the College of Management at C.W. Post, are available to conduct fee-for-service research for local and regional companies that currently engage or want to engage in global trade. ITRI staff are also available for in-house training workshops.

The Institute plans to release three major research papers in its first year of operation, the first presenting an overview of global trade, in November. In January, it will publish an analysis of the trade implications of economic and monetary union in Europe, and, in April, it will focus on trade opportunities in the Western hemisphere. On March 25, 1998 the Institute will sponsor a half-day conference on the potential impact of the European monetary union, or EMU.

"Global trade has become an important engine of growth for the U.S. economy," said Dr. Kamer. "Now, it's necessary to understand how global markets function and how local businesses can profit from participating in them."

For additional information, call the International Trade Research Institute at 516-299-4130 or 299-3017 or nweiss@eagle.liu.edu.

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