Recently, a business tour across Asia was carried out by Humberto Esqueda, Director of the Intercam Asia Plan Strategic Initiative.
The initial phase transpired in South Korea, where, in collaboration with the Mexican Embassy, the seminar ‘Nearshoring in Mexico: Challenges and Opportunities’ was conducted. During this session, Intercam outlined its strategy to become Mexico’s Nearshoring Bank, along with the initiatives of the Asia Plan designed to assist companies in their relocation endeavors. Approximately 30 attendees, comprising both clients and companies engaged in the Nearshoring process, participated in this seminar.
After enduring several years of the pandemic, our presence in China was reinstated, marked by our participation in the China-LAC Business Summit held in Beijing. During this event, meaningful interactions took place with prominent Chambers, Companies, and the Mexican Embassy in China.
Additionally, we attended the China International Import Expo (CIIE) 2023, a comprehensive showcase encompassing diverse industry sectors, including automotive, logistics, and food. Notably, this event stands as China’s largest in terms of both attendance and exhibitor presence.
During Intercam’s visit to Shanghai, a meeting took place with the new Consul General of Mexico, Ambassador Miguel Ángel Isidro Rodríguez. Both parties agreed to collaborate closely to organize an Intercam event in Shanghai, where the Consulate will extend invitations to companies engaged in the Nearshoring process.
Moreover, Singapore assumes a strategic position in the industrial relocation processes within Asia, particularly in Nearshoring, owing to its significant stature as a financial hub. Many of the firms contemplating an exit from China hold investments originating from Singapore. In light of this, our Director of the Asia Plan engaged in discussions with the Ambassador of Mexico in Singapore, Agustín García López, and the Economic Affairs Counselor at the Embassy, Mr. Gersón Garduño. The purpose was to present to them our comprehensive Asia Plan and the strategic framework aimed at positioning ourselves as Mexico’s premier Nearshoring Bank.
In addition, a courtesy call was arranged with the non-resident Ambassador of Singapore to Mexico, Ambassador Gerald Balendran Singham. During the meeting, he graciously extended an invitation to convene a luncheon with Singaporean companies in Mexico during his forthcoming visit early next year. Additionally, he proposed a gathering involving the prominent Singaporean companies interested in North America, to be organized within the framework of a prospective event hosted by the bank in Singapore during 2024.
Continuing with the planned agenda, a visit was arranged to Enterprise Singapore, the governing body overseeing investment promotion and Foreign Trade for Singapore. During this engagement, Intercam presented its activities and accomplishments within the Asian market.
The tour culminated in a meeting at the Embassy of Mexico in Tokyo and discussions with companies like EY Japan to strategize our investment and Nearshoring seminar, scheduled for Tokyo in 2024.