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Nearshoring – Moving Beyond the Buzzword

with patron programming sponsor

MillicomTigo Logos - Nearshoring - Moving Beyond the Buzzword

SpeakerS:

Karim Lesina, Executive Vice President, Chief External Affairs Officer, Millicom
Jason Marczak, Senior Director, Adrienne Arsht Latin America Center, Atlantic Council
H.E. Janio Rosales, Minister of Economy, Republic of Guatemala
H.E. Manuel Tovar, Minister of Foreign Trade, Republic of Costa Rica
Morgan Ortagus, Founder, POLARIS National Security; Concordia Senior Advisor

Key takeaways & next steps:

  • There are three sets of conditions when looking at the opportunities facing Latin America and the Caribbean: 1) international push factors and domestic pull factors; 2) public and private sector cooperation; and, 3) short-term results with a long-term vision. Seizing these opportunities requires the adoption of long-term policies that attract investment. 
  • To improve nearshoring efforts, countries must reaffirm their commitment to institutions, good governance, democracy, human rights, sustainable development, and open trade.

“We should not take for granted the support of local people in the region. We should not be sure that people will automatically love the U.S. We need to gain the confidence of those people.”

 
Karim Lesina, Executive Vice President, Chief External Affairs Officer, Millicom

“There have been a number of congressional delegations that continue to come down to the region. [It is] important for those delegations to look at nearshoring opportunities as part of that work.”

 
Jason Marczak, Senior Director, Adrienne Arsht Latin America Center, Atlantic Council

“Working within these types of alliances and talking about them in public spaces is going to be crucial for the next few years for Central America.”

 
H.E. Janio Rosales, Minister of Economy, Republic of Guatemala

“We still see many challenges in terms of governance and the rule of law, international investors and companies. They need to feel safe—where they put their money—and we have seen a regression in Latin America, so I think we have to work on that.”

 
H.E. Manuel Tovar, Minister of Foreign Trade, Republic of Costa Rica

“I would encourage the Biden Administration and the Blinken State Department to double down on their focus and on their commitment to the Western Hemisphere.”

 
Morgan Ortagus, Founder, POLARIS National Security; Concordia Senior Advisor