International Trade and Finance : Latin America and the Global Economy

  • 29 June, 2016

Global Ties Arizona hosted a group of international leaders from eight countries in South and Latin America: Bolivia, Costa Rica, Cuba, Mexico, Panama, Paraguay, Peru and Venezuela. Scholars and leaders of international trade and finance spoke with high level professionals in Arizona to collaborate on issues facing the global economy. Elected officials in the state of Arizona addressed the need for more interaction from leaders in Mexico and Latin America to better serve the growing global economy.
In a meeting with State House Legislator and member of the State Commerce Committee, Representative Tony Rivero discussed the impact of international trade with Mexico, South and Central America on the state’s economic growth. He noted the growing need for international cooperation and how meeting with global leaders benefits various aspects of trade and finance on the state and global scales.
Our International Visitor Leadership Program from Mexico and across Latin America met with the Global Chamber Phoenix to discuss their work in International Trade and Finance with a panel of experts at Arizona State University’s Sky Song campus in Scottsdale to further evaluate efforts of nations abroad. Global Chamber Phoenix helps companies more successfully engage with cross-border trade and investment, connecting business leaders to more customers, partners and resources. They help create a global business support network and have chapters in Latin America and other parts of the world.
Global Chamber Phoenix invited various leaders from over ten countries to participate in a conversation to review major developments in the global economic landscape and their impact on the United States and Latin America. The group analyzed international trade and capital investment trends, emerging economies and markets, and the role of the United States and Latin America in the current and future global economic order.
The major professional objective of Global Chamber Phoenix’s event was to assess the effect of global, regional, and sub-regional trade and investment alliances such as the World Trade Organization, Free Trade Area of the Americas, North Atlantic Free Trade Area and Central America Free Trade Area as well as bilateral free trade agreements on the United States and the countries of the Western Hemisphere.
The Director of Communications and Strategic Initiatives at the Arizona-Mexico Commission, Office of the Governor also met with our IVLP group from Mexico and across Latin America to discuss their overall mission as a branch of the Arizona Governor’s office and strategies developed at the Arizona State and United States federal communication levels.
The Director described their mission as one to improve the economic prosperity and quality of life of Arizonans through strong, public/private collaborations in advocacy, trade, networking and information – how the Commission facilitates cross-border trade, networking and binational information sharing – influence in areas that impact the bilateral relationship between the United States and Mexico.
One of the last meetings for our IVLP group from Mexico and across Latin America was with the Director of the International Trade Division at the Arizona Commerce Authority (ACA). ACA is an economic development organization designed to make Arizona more competitive on a global business stage. Director, Kevin O’Sheadetailed ACA’s trade promotion activities in the Western Hemisphere and cooperation amongst international partners to promote trade and development worldwide. He discussed the positive aspects of both economic development and redevelopment as well as the strengths and weaknesses of various efforts contributing to global competitiveness in international trade.
Overall, the leaders and scholars from Mexico and across Latin America participated in meaningful conversations with state elected officials and experts in international trade and commerce. A vision for globalization and the need for stronger participation in the world market resulted from these global conversations and will have an impact within the individual countries for which these leaders are from. Global diplomacy in Arizona continues to cause a chain reaction amongst nations looking to better their economic standing by learning from leaders in Arizona and the United States as a whole.

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