As U.S. tariffs reshape global trade dynamics, executives from multinational chambers of commerce in China are calling for enhanced collaboration and innovative strategies to navigate protectionist headwinds. Representatives from French, Canadian, Mexican, and Singaporean business groups emphasized the urgency of multilateral cooperation during recent dialogues with CGTN.
“Adaptability is no longer optional—it’s existential,” stated a spokesperson for the Singaporean chamber, highlighting how companies are accelerating regional supply chain diversification while maintaining ties with the Chinese mainland. The French chamber noted increased interest among European firms to leverage ASEAN partnerships as tariff pressures mount.
Canadian business leaders underscored the interconnectedness of North American and Asian markets, urging policymakers to prioritize cross-regional trade frameworks. Meanwhile, Mexico’s delegation emphasized nearshoring opportunities emerging from shifting manufacturing patterns.
This collective advocacy aligns with growing momentum for APEC-led trade solutions, particularly as SMEs face rising operational costs. Analysts suggest such business-led initiatives could reshape investment flows across Asia-Pacific tech and green energy sectors in 2024.
