Texas – Latin America Business Summit Helps Texas Companies Access Nearshore Expanding Markets
The World Affairs Council of Austin presented the Fourth Annual Texas-Latin America Business Summit on October 3, 2019. Forbes reported in March that LATAM’s economy has the potential to grow faster than that of Asia. The Summit brought trade promotion experts and business decision-makers together for panels and meetings. The event is a unique face-to-face opportunity for Austin corporate representatives to make connections and learn about current inbound and outbound business opportunities with Latin American nations.
The Third Annual Summit featured a USMCA negotiation update from Robert Barnes, President and CEO of IBC Bank – Austin. As during the NAFTA negotiations in 1986, IBC Bank was fully engaged in the revisions offered by the U.S. and Mexican business community and eventually reflected in the current USMCA.
The Second Annual Summit included a LATAM market overview by Gary Hoover, Founder of Hoover’s Online and first Entrepreneur-in-Residence of the Herb Kelleher Center for Entrepreneurship at the McCombs School of Business at the University of Texas at Austin.
Highlights of previous TX-LATAM Business Summits include Consul General Carlos González Gutiérrez, who provided information about resources available to Texas businesses considering investing in Mexico. Additional panelists have offered their personal experience in entering various Latin American markets. Those speakers included: Eduardo Velasco, CEO of WaveMAX; Kevin Koym, Founder of TechRanch Austin; Estuardo Robles, Partner of Briggs Capital; Sebastian Gomez, Trade & Investment Representative of PROCOLOMBIA; Mark Madrid, past President of the Greater Austin Hispanic Chamber of Commerce; David Sandler, Co-Founder of Remarcs; Bill Hulsey, Principal of HULSEY PC; Paul O’Brien, Growth Hacker of SEO’Brien; Norman Newman, President of Demand Frontier; Bob Foster, Founder of GlobalNow; Anurag Kumar, CEO of iTexico; Salvador Castañeda, Managing Attorney of Castañeda Law Firm PLLC; and Angelica Garcia-Dunn, President & CEO of AIM Global Logistics.
Over the last decade, the Latin American region experienced a deep economic and social transformation, which lifted millions out of poverty and swelled the ranks of the middle class. Latin America’s economy is expected to expand due to corrections in regional growth. Summit attendees will learn how to position their companies and benefit from this growth.