Science Fair Project Encyclopedia
World trade center
For the World Trade Center complex in New York City, see World Trade Center.
World trade centers arose in the United States and Japan in the 1970s, spearheaded by New York City's World Trade Center.
A world trade center puts together under one roof all the services associated with global commerce, a kind of shopping mall providing networking access between corporations and governments. A WTC address gives a business prime and continuous access and exposure to all the services, organizations and individuals essential for success in world trade. "A World Trade Center in any city is a business shopping center, complementing and supporting the existing services of private and government agencies", explains World Trade Center Association (WTCA) President, Guy F. Tozzoli.
In foreign languages, the "WTC" expression is sometimes mistranslated as the world's "center of the trade", especially in relation to the NYC WTC.
The World Trade Centers Association founded in 1970 and based in New York City, is an organization of nearly 300 world trade centers in almost 100 countries. The WTCA is an unofficial umbrella trade association that brings together corporations and government agencies involved in international trade.
In addition there are other buildings around the world known by the title such as in Hong Kong: see World Trade Centre
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