Global context: Improvements in activity have continued, though inflation has been higher than expected
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ESTABLISHMENT OF THE JOINT BUSINESS COUNCIL BETWEEN THE AUSTRALIA-LATIN AMERICA BUSINESS COUNCIL AND THE CENTER OF PROMOTION AND INVESTMENT ASIA PACIFIC-LATIN AMERICA (AP-LAC)
On July 27, a Memorandum of Understanding (MOU) was signed between the Australia-Latin America Business Council (ALABC) and the CENTER OF PROMOTION AND INVESTMENT ASIA PACIFIC-LATIN AMERICA (AP-LAC) for the establishment of the Australia-Central America and Caribbean Council of Business Cooperation (ACACBC) to foster closer friendships and promote economic, trade and investment between Australia and Guatemala, El Salvador, Costa Rica, Panama and Cuba.
The signing ceremony was co-hosted by the Chairman of the Board of Directors of ALABC Mr. Richard Andrews, and by the President of AP-LAC Mr. Alexander Mora-Delgado and included the participation of the Ambassador of Costa Rica in Australia HE Armando Vargas Araya.
Special mention to highlight the presence of Mr. Jairo Hernandez, former Ambassador of Costa Rica in Australia and Marcelino Aviles, former Ambassador of Panama in Australia.
In his welcoming remarks the President of AP-LAC Alexander Mora-Delgado, highlighted that the signing of the MOU marks a new milestone in the promotion of the business relations between Australia and key Central American countries and that the main objective is to provide a regular forum for a systematic bilateral business promotional initiatives that will lead to increased trade in goods and services and investment between Australia and Guatemala, El Salvador, Costa Rica, Panama and Cuba. He added that “the current trade and investment figures demonstrate that the existing potential remains largely untapped. An essential role for the ACACBC it is to encourage investor confidence and strengthen relations to establish the bases for stable growth that is beneficial for both regions”
The President of ALABC, Richard Andrews mentioned that this is the first business advisory group created by ALABC with a focus in 5 countries in the Central American and Caribbean region. The business councils are unique instances of private sector cooperation, coordination and consultation whose objective is to increase business between two regions. They are made up of senior businessmen and executives of companies that have significant interest in increasing the investments and trade flows with the countries that act as counterparts.
They are an effective tool for business diplomacy and complement the efforts made by DFAT and ALABC, along with key industry player such as COALAR , Austrade, Global Victoria, Trade and Investment Queensland and their counterparts in the region.
Clean energy and green hydrogen, tourism, mining, agriculture, science and technology are a major focus for government and industries wanting to attract and partner with Australian technology exporters and investors.
The importance of the MOU signed between our two private sector organisations, through which a strategic alliance is established represents a unique opportunity for Australian companies to access key players and decision makers in the business sector.
AP-LAC is a non-profit trade association that brings together companies and associations doing business between Latin America and the Asia Pacific.
ALABC was established in 1989 as a Not-for Profit association and our membership is comprised of companies and organisations ranging from large multinational corporations to education and research institutions, SMEs, sole traders and professionals, who are at the forefront of forging business relations between Australia and Latin America.
July 2021 ALABC E-Newsletter
Dear Members and Friends,
Welcome to our July 2021 Newsletter.
I am very pleased to announce the launch of our Soft-Landing program to help qualified, mature technology companies and scale-ups from Latin America, build revenue and secure investment in the Australian market by helping to cover their initial costs, connecting them with the local business ecosystem and fast-track their transition. The support provided by ALABC through the Soft-Landing program will allow Latin American organisations to attract customers in Australia to more quickly become cashflow positive.
If you are already an ALABC member, you can also get involved in this program by offering your services and advice, mentoring Latin American entrepreneurs or evaluating business prospects. All you have to do is update your member’s profile here and follow the instructions attached here.
If you would like to promote this initiative to your database, please complete this form to receive the marketing materials and have your logo listed as a supporter.
In the context of the current COVID-19 situation and border closures between states throughout Australia impacting several attendees, sponsors and speakers, we have made the difficult but appropriate decision to postpone the ALABC Perth Annual Dinner: Lithium and Electro-mobility Challenges between Australia and Latin America.
The ALABC Annual Report for 2021 is also available to read and download.
Newsletter July 2021: IN THIS ISSUE
Please do not hesitate to contact me should you have collaboration opportunities. I look forward to hearing from you.
Chief Executive Officer
Australia-Latin America Business Council
Read the full newsletter here.
At least three mining initiatives that are in their development stages are looking to incorporate the use of green hydrogen, considering the potential that this technology is thought to have in Chile.
In this context, the Chilean Government has presented its “Guide for the Approval of Pilot Projects in Mining,” an initiative led by the Mining and Energy Ministries, alongside the National Geology and Mining Service (SERNAGEOMIN). The aim is to provide greater assurances to companies that want to use hydrogen in the mining industry, a sector that is considered fundamental to promoting the use of the fuel during its initial phases of development.
Read more here.
Watch the video here.
June 2021 ALABC E-Newsletter
Welcome to our June 2021 Newsletter.
We are very pleased to announce the launch of our new Soft Landing Platform. If you are member of ALABC, do not miss this opportunity to engage and assist Latin American companies and scale ups setting up in Australia. This is an ALABC initiative supported by COALAR to assist our members in gaining access to Latin American companies looking to transition into the Australian market.
If you are an ALABC member and would like to get involved in this program, please register your interest here and follow the registration instructions here.
For more information regarding this program, please click here.
The ALABC Annual Report for 2021 is also available to read and download. Please download the report here to read about ALABC's achievements during the last 12 months and our plans for the upcoming year.
Newsletter June 2021: IN THIS ISSUE
Read full newsletter here.
May 07, 2021. Covid19 has accelerated the transition to a 4.0 mining industry in Latin America. Logistical and health concerns are forcing operations to operate remotely and incorporate new technologies. During the months of May and June, the Victorian Government will connect a cohort of highly innovative Victorian mining equipment, technology, and service providers (METS) with key mining stakeholders in Chile and Peru.
The companies participating include providers of software solutions, monitoring systems, performance consulting, remote blast detonation solutions, data analysis and highly efficient mineral processing equipment, amongst others.
Natalia Gorroño, Senior Trade and Investment Director for Latin America from the Victoria State Government, comments that METS companies have become strategic allies in the Latin mining sector, something that is being promoted throughout this mission.
Read the full article here.
May 2021 ALABC E-Newsletter
Welcome to our May 2021 Newsletter.
We are very pleased to announce that our Annual Report for 2021 is available to read and download. Please download the report here to read about ALABC's achievements and plans for the upcoming year.
Please see below an outline of the newsletter:
Read full report here.
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