In the times of decentralised globalisation, the Indo-Pacific region, a relatively new strategic construct covering 44% of the world's surface area and accounting for 62% of the global GDP, has emerged as a heavyweight in global trade. This geographical expanse, through which an estimated 50% of global trade passes, comprises countries in Asia, Africa, Europe, and the Americas which account for over half of the world population and two-thirds of global growth.
With ASEAN is its core, the Indo-Pacific region has significant growth potential in both merchandise and services trade within the region. The intra-Indo-Pacific trade is estimated at 60% of the region’s total trade, thereby indicating strong inter-dependencies. The trade potential is augmented by the region’s growing markets, bolstered by a sizeable rising middle class.
The First edition of the Indo Pacific Business Summit organised by CII in partnership with Ministry of External Affairs, Government of India in July 2021 was an outstanding success. The Summit had participation of 150 speakers including 15 Hon’ble Ministers from across the region in deliberations which were spread across 3 days with 19 focused sessions.
Following the resounding success of the 1st Indo Pacific Business Summit, CII proposes to organise the 2nd edition of the three-day Indo Pacific Business Summit in partnership with Ministry of External Affairs, Government of India from 5-7 July 2022.
The Summit would seek to identify current and future trade and investment opportunities within this region. The Summit will have participation of Government, Enterprises, Business Chambers, Think Tanks & Academia from all the countries in the region.
The Summit would dwell upon various tracks such as Geopolitical and Economic, Trade & Investment, Rebuilding the Green Economy, Power of Digital and Cross-Border People Connect. It would have several sessions like physical and digital connectivity, development of robust supply chains, start-ups, healthcare, skilling, climate change, blue economy amongst others basis the current and future trade and investment opportunities highlighted by the governments within this region.
Dr. S Jaishankar, Hon’ble Minister of External Affairs, Government of India, has kindly agreed to be the Chief Guest and deliver the Inaugural Address on 5 July 2022. Other senior Ministers from India and abroad are also expected to participate in the three day event.