Thursday, 14 July 2016
Pacific 3 Ballroom
Level 1, Pan Pacific Singapore
Raffles Boulevard, Marina Square,
The year ahead will be challenging for the global economy with headwinds that will likely slow global trade. China’s weakening economy, higher interest rates in the US, plunging commodity prices coupled with global deflationary forces present a testing time for world leaders. To tackle these trends, world leaders have turned to two elements for global economic growth – freedom of cross-border trade and investment. The WTO system, conceived as a global system to foster free trade, has been found to be effective if overlaid by regional free trade agreements, the first of which was the North American Free Trade Agreement (NAFTA).
In Asia, we witnessed the birth of the Trans-Pacific Partnership (TPP) and a contending regional free trade agreement – the China-Asean Free Trade Agreement (CAFTA) – sponsored by China. China's “One Belt, One Road” initiative calls for greater economic connectivity and cooperation amongst countries situated along the Silk Road linking China with Europe, South-east Asia, Africa and the Middle East in terms of investment, particularly infrastructure investment. The question is whether these initiatives will add up to a transformative force in bringing prosperity to the region and globally.
Our distinguished speakers and panellists will explore these complex and other pertinent issues including financing infrastructure and free trade pacts to invigorate the world economy.