Latin Asia Business Forum 2017
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The Latin Asia Business Forum 2017 will examine how Latin America & the Caribbean and Asia can find new growth strategies, and mitigate the impact of volatility in light of the continuing challenges facing the global economy. The forum will focus on untapped Latin-Asia economic opportunities and the potential for even deeper engagement between both regions.
HIGHLIGHTS | MARKET INSIGHTS | PROGRAMME | SPEAKERS | SPONSORS & PARTNERS | SIDE EVENTS | DIRECTIONS
- Keynote Panel: Latin Asia Economic Partnership with Guest-of-Honour (GOH) Minister S Iswaran and prominent LAC representatives.
- Network with business owners, decision makers, policy makers and government leaders from LAC and Asia.
Addtionally, in light of the uncertainties in the US, countries such as Mexico are expected to turn towards Asia as part of their diversification strategies. This wave of change presents an opportunity for LAC and Asian businesses to forge close ties and unlock trade and connectivity linkages between the economies.
|1330||Registration and networking reception|
Lee Ark Boon, CEO for IE Singapore
Mr S Iswaran, Minister for Trade & Industry (Industry)
|1410||Keynote Panel: Latin Asia Economic Partnership*|
Trade and investment ties between Latin America & Caribbean (LAC) region and Asia have strengthened, spurred on by closer trade linkages and government initiatives to ink more bilateral agreements.
Yet lately, advanced economies leaning towards inward looking trade policies. Shifting global developments and uncertainties within the USA will continue to impact the LAC economies. Case in point: once a driving force for further integration between both regions, the Trans-Pacific Partnership, underpinned by USA, may be fast fading into history.
There are still large untapped opportunities with LAC and it is imperative to keep trade ties open between LAC and Asia. The former is currently at a turning point, with recovery expected to take hold this year. LAC governments have also recognised that beyond macroeconomic policy adjustment, structural reforms are essential to support medium-term growth. Singapore can continue to play a part in strengthening the economic partnership between LAC and Asia. As a diversification strategy, Asia is an attractive market as it continues to outperform global growth performance and can support the development of a stronger LAC.
This panel will discuss:
|1530||Session I: Smart Solutions for Latin America & Caribbean Cities|
Urbanisation and major smart infrastructure investments in LAC have largely contributed to the rise of smart cities, including in Bogota, Bueno Aires, Medellin, Mexico City and Santiago. Governments are moving beyond traditional urban planning approaches and embracing technology-driven innovations to sustain large cities. Coupled with a regional investment, of around US$100 billion per annum, it is no wonder that most cities are aspiring to go “smart”. With smart solutions, cities can address urban challenges for mobility, environment, and at the same time, seek new ways to ensure economic growth and job creations. Cities are also tapping on public and private partnerships to implement smart solutions, to enable better public services and utilities, to engage citizens and to make cities more liveable.This panel will discuss:
The smart city momentum is also growing extensively in Asia, and nations see smart solutions as a way to make the leap from emerging to developed economies. In China, the development of smart cities has been highlighted in China’s 12th and 13th five year plans. This initiative will provide a platform for the private sector to work with the Chinese government to develop holistic and scalable solutions to address challenges faced by fast-growing Chinese cities and to use technology to make cities more liveable.
Cities in Southeast Asia have also made varying progress based on their infrastructure, technical advancements and quality of human resources. Singapore is still in the early stages of building its version of a Smart City. Some of the notable smart services in Singapore lie within the urban mobility and e-Governance sector. The Smart Nation vision ideally seeks to harness ICT, networks and data to support better living and to alleviate today’s urban challenges of an aging and dense population.
Latin America & the Caribbean region is energy-rich by nature. It holds the world’s largest oil reserves from shale formations in Argentina, the pre-salt layer in Brazil, the world largest reserves in Venezuela to the deepwater Gulf of Mexico.
Within the Oil sector, Mexico’s energy reform has successfully allocated 41 fields for shallow water, deep water, and onshore exploration and production with international companies such as Total, Exxon Mobil, BHP Billiton, BP, Shell, Chevron, ChinaOil, Petronas and Mexican operating companies such as Petrobal, Sierra Oil and Gas, and Grupo R each securing fields. The total committed investment of US$49 billion is poised to spark new activities in the sector.
The abundance of natural gas in the region significant opportunities for economic growth, partnership and investments in physical infrastructure, technology and regulatory know-how. For instance, Dominican Republic has successfully exported LNG to UK in Feb 2017. Other countries including Barbados, Colombia, Jamaica, Peru and Trinidad and Tobago are developing terminals, upgrading LNG infrastructure and looking at LNG imports for fuel oil substitution in their power plants.
Lastly, the renewable energy sector is increasingly fuelling power in LAC. The region is the world’s leader in clean energy and potential for the sector is large enough to cover its projected 2050 electricity needs 22 times over.
This panel will discuss:
As a whole, the Latin America & Caribbean region (LAC) is already the largest net food exporting region in the world, and yet has only scratched the surface of its potential to expand agricultural production for global consumption and export. The region’s production prowess can be seen from the massive farms in Brazil to the meat packing plants of Argentina and Uruguay, the asparagus fields of Peru and the corn fields of Mexico.This panel will discuss:
Today, in Asia alone, the population of 4.4billion is equivalent to more than 50% of the total world population. Currently, 30% of the Asian population are from the middle income class, and rapid growth in China, India, Indonesia, Vietnam, Thailand, and Malaysia will cause Asia’s share of the new middle to more than double from today. By 2030, Asia will host 64% of the global middle class and account for over 40% of global middle-class consumption.
Advanced logistics, distribution and even ecommerce are crucial for making sure that LAC production goes from where it grows in abundance to where it doesn’t. Businesses and governments will have to work together to increase productivity, encourage innovation, and improve integration in supply chains toward a sustainable global food balance. Tapping on Singapore’s rising role as the key global hub for digital innovation, there remains room to advance in the space of digital connectivity, financing and innovation to facilitate greater trade between both regions.
|1900||End of Event|
*Simultaneous translations will be available (English to Spanish & English to Portugese)
| Minister S Iswaran|
Minister for Trade and Industry (Industry)
Republic of Singapore
| Salomón Chertorivski |
Economic Development for Mexico City
| Marcos Jank|
Chief Executive Officer
Asia-Brazil Agro Alliance
| Susan Segal|
Chief Executive Officer
Council of the Americas & Americas Society
| Andres Osorio|
| Chan Han Meng|
ADL Capital Group
Council of the Americas & Americas Society
| Joe Poon|
Chief Technology Officer
Vice president of Social Development
CAF, Development Bank of Latin America
Juan Acra López
Mexican Energy Council, COMENER
| Law Chung Ming|
Group Director, Transport & Logistics Group
International Enterprise (IE) Singapore
| Michael Chia|
Managing Director (Marine)
Keppel Offshore & Marine Ltd
| Nicholas Wee|
| Sam Cheong|
Managing Director of Commercial Banking
Head of Group Foreign Direct Investment Advisory
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|Organised by:||Supported by:|
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|Latin American Chamber of Commerce||Singapore Business Federation|