China 2019 - Cooperation in the Pacific Rim

TL;DR

Leaders from Bangladesh, Canada, Japan, and Germany discuss trade issues, the CP TPP, and the potential impact of the RCEP on their respective countries.

Transcript

please have a seat everyone and thank you all very much for coming to this concluding panel this afternoon for the World Economic Forum here in Dalian we are very fortunate to have an all-star lineup of people to talk about the many trade issues going on right now around the Pacific Rim and also in the Indian Ocean before I start I just want to int... Read More

Key Insights

• 🇮🇩 Regional cooperation and collaboration are crucial for sustainable development and inclusive growth in the Indo-Pacific region.
• 🛀 The CP TPP has already shown benefits for Canada, with increased exports to Japan and Vietnam.
• ™️ Japanese industries are considering supply chain realignment to countries like Bangladesh and Vietnam in response to trade tensions and new trade agreements.

Questions & Answers

Q: How do you see Bangladesh's trade relationships changing in the next few years?

Bangladesh's Prime Minister emphasizes the importance of collaboration and cooperation in the dynamic Indo-Pacific region, with a focus on sustainable development, mutual trust, and inclusive growth.

Q: Is Canada seeing additional business activity as a result of the CP TPP?

Yes, Canada has already seen increased exports to Japan and Vietnam since ratifying the CP TPP, and is focused on diversifying trade to grow its presence in the Asia-Pacific region.

Q: Are Japanese industries relocating supply chains in response to trade tensions and new trade agreements?

Yes, Japanese companies are considering the relocation of production lines from China due to high labor costs and are exploring opportunities in countries like Bangladesh and Vietnam. The impact of trade tensions and new agreements plays a role in these decisions.

Q: Are companies already studying the effects of the RCEP on their logistics and supply chains?

It varies depending on the size and resources of the company, but there is a growing awareness of the need to study demand patterns and tap into new markets to diversify supply chains. The logistics industry is focusing on creating transparency and facilitating cost-effective movements of goods.

Summary & Key Takeaways

• Bangladesh's Prime Minister discusses the country's trade relationships and the importance of regional cooperation in Asia.

• Canada is already seeing benefits from the CP TPP, with increased exports to Japan and Vietnam.

• Japanese industries are considering the relocation of supply chains in response to trade tensions and the development of new trade agreements.

• The logistics industry is observing different approaches to supply chain realignment, with some companies already making decisions to diversify.