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IDB Hosts Ministers and CEOs to Explore Nearshoring Investment Opportunities in Region

Latin America and the Caribbean could increase their exports by more than $70 billion in the short and medium term thanks to nearshoring, or the relocation of companies’ supply chains closer to end markets, according to preliminary data from a new study by the Inter-American Development Bank (IDB).

As part of the IDB's effort to open up new investment and trade opportunities in the region, on Tuesday, June 7, at 1:00 p.m. in Los Angeles (Pacific Time), President Mauricio Claver-Carone will host a forum on trade and investment for the Americas that will bring together nearly all of the region's trade ministers, as well as heads and executives of global companies.

The event will focus on three themes central to the current trade agenda: strengthening value chains and attracting investment; sustainable trade and climate change; and the digital economy. The goal is to foster deeper regional cooperation and public-private collaboration for greater intra-regional trade that is sustainable and resilient and promotes economic growth and development.

To participate virtually in the opening session (streaming in English and Spanish) and/or request interviews, interested journalists must pre-register at this link.

Details:

What: Opening session of the Trade and Investment Forum with Ministers and CEOs, organized by the IDB on the margins of the IX Summit of the Americas
Who: Opening remarks by IDB President Mauricio Claver-Carone
When: Tuesday, June 7, 1:00 PM Pacific Time
Where: InterContinental Los Angeles Downtown, Los Angeles (USA) / Opening session will be transmitted on IDB social media channels. The IDB YouTube channel will carry it in English.
Registration: Here
Media contacts: Taos Turner (taost@iadb.org) and Pablo Bachelet (pbachelet@iadb.org)

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public and private sector clients throughout the region.Take our virtual tour.

Contacts

Bachelet,Pablo A.

Bachelet,Pablo A.

Turner, Taos Lee

Turner, Taos Lee
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