Title: “Opportunities for Latin America in the nearshoring of goods and services”.
Date and time: Wednesday 27 July from 4:30 to 5:30 pm Chilean Time
Organised by: ECLAC and KAS
– Hari Seshasayee, Global Fellow, Woodrow Wilson Center
– Adriana Chacón, Research, Monitoring and Evaluation Analyst, CINDE, Costa Rica
– Raquel Arquetona, Director (a.i.), ECLAC Office in Washington D.C.
– Daniel Perotti, Research Assistant, ECLAC Washington D.C. Office.
Description: For some years now, US and Canadian multinationals have shown a growing interest in relocating their international production networks from distant destinations (mainly Asia) to nearby countries in Latin America and the Caribbean. This nearshoring process is the result of several factors, including: trade and technological tensions with China, disruptions in global supply chains, the rising relative cost of human capital in several Asian countries, security and intellectual property risks, and time, cultural, and language differences.
This webinar will address the region’s potential as a nearshoring destination for goods and services. Some questions that will be discussed are: What trends have been observed in nearshoring in the region in recent years? What sectors and countries have the greatest potential to capture new investment and trade opportunities? What could governments do to improve the attractiveness of countries What could governments do to improve the attractiveness of countries for nearshoring? Could foreign investments from China, Europe, India and the United States in the region increase capacities to sell goods and services for the North American market? What has been the impact of trade tensions between China and the United States on the region’s trade with the United States?