September 2020 Update
NADEC VIRTUAL Fall Forum 2020
October 8, 2020, 12 – 5 pm EDT
Trade Updates
Featured at the NADEC Fall Forum 2020
“Workarounds for Operating in Key Challenged Markets”
Businesses in this Covid and eventually, post-Covid world, may, by choice or default or recent move, find themselves operating in one of the key global markets of China, India or Vietnam. This program is designed to accept the reality of operations in one or more of these key, challenged markets and understanding the precise roadblocks that each of those markets poses. That is not the end of the story. This program is designed to focus on the practical “workarounds” that have been developed by business experts in each one of these key markets. We anticipate that program attendees will pick up important tips and strategies from these “challenged market experts.”
Moderator – David Day, Co-Chair of the NADEC’s Trade Policy Committee and Member of the Hawaii DEC. Mr. Day is an international lawyer and also Chairman of the American Bar Association’s Belt & Road Task Force. He is based Honolulu, Hawaii
China – Ambassador (Ret.) Craig Allen, Member of the NADEC’s Advisory Committee and President of the U.S. China Business Council. Formerly, Ambassador Allen was the Deputy Assistant Secretary of Commerce for China and served as the U.S. Senior Commercial Officer in Beijing. He is based in Washington, D.C.
Vietnam – John Saylor, Member of the Virginia Washington, D.C. DEC and Director of the International Trade Group for Commonwealth Trading Partners. Mr. Saylor’s firm has operations and an office in Hanoi, Vietnam. He is based in Alexandria, Virginia.
India – Stacy Standley is a Director of the Nevada DEC and the Joint Managing Director of Sikand-Standley-India. Mr. Standley has conducted business with his own company between the U.S. and India for many years. Mr. Standley is based in Las Vegas, Nevada and New Delhi.
Japan’s “Chexit”: A Move to Protect its own Supply Chains
China and Japan have had a long-standing prickly relationship. In more recent years, this has been exacerbated by the dispute between the two countries over the Senkaku islands. That being said, China has become the largest trading partner of Japan, now the world’s 3rd largest economy. The dispute over the Senkaku islands morphed into anti-Japanese riots in various Chinese cities in 2012 and since that time, the Japanese government has undertaken an 8-year effort to persuade its businesses to decouple their supply chains vested in China with little success. When the Covid-19 pandemic struck, the Japanese government took a different tack; it created an economic stimulus package which included a $2.2 billion (U.S.) allocation to help “encourage” Japanese supply chain near- or on-shoring. The government’s rationale behind this extraordinary move was to help motivate the protection of industrial manufacturing of goods essential to the health and security of the Japanese people. A portion of that “China Exit” budget was also allocated to assist Japanese firms to relocate out of China into Southeast Asia or other “friendly” nations.
Even prior to the current Covid-19 pandemic, there were serious concerns in Japan over the concentration of country’s manufacturing firms with production lines and investment located in China where the risk and cost of doing business was becoming increasingly shaky. Click here to read entire article.
Article contributed by David F. Day, Co-Chair, NADEC Trade Policy Committee.
Image Credit: Grainmart.In
Education Committee Update
NADEC Has Offered 2 China BRI Webinars that are
Now Available as Recordings:
- China Belt & Road Initiative: Update on Impacts
- China Belt & Road Initiative: The Digital Silk Road
This webinar series provides background on the impact of the China Belt & Road Initiative. The Digital Silk Road looked at the digital impact of BRI on business and national security, as well as its effect on geopolitical issues.
Missed the BRI Webinars?
Recording of BRI Webinar #2 on The Digital Silk Road is available for $15 on the NADEC Website.
Andrea Ratay
Chair
NADEC Education Committee
Let’s Communicate Better!
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Anne Burkett
NADEC Communications Officer