February 15, 2019 DOING BUSINESS IN THE KYRGYZ REPUBLIC
Direct Line webinar was sponsored by the Bureau of Economic & Business Affairs, U.S. Department of State. Donald Lu, U.S. Ambassador to the Kyrgyz Republic, will lead a discussion on Central Asia’s “island of democracy,” including a visafree regime, liberal legislation in support of foreign investment, and a qualified labor force.
February, 2019 Silk Road 2019 Planning
Professor Harry Lepinske, CAPRC chairman is seen extending an invitation to the China Ambassador Cui Tiankai to the 2019 Silk Road Conference and the CAPRC’s 20th anniversary celebration, scheduled on Wednesday, April 3, at IIT’s Kent College of Law Auditorium, 565 W. Adam St. The invitation was extended during a reception following a Chinese New Year celebration at Chicago’s Symphony Center, following a performance of both the Hubei Chime Bells National Chinese Orchestra and the Peking Opera Company
Friday, January 18 2019 CAPRC Q1 BUSINESS MEETING
9am at the Consulate of the Turkish Republic
455 N. Cityfront Plaza , Suite 2900 Chicago
Friday, January 18 2019 CENTRAL ASIA’S ROLE IN WORLD ENERGY
The Central Asia Productivity Research Center continues to presented its annual “Energy Security Seminar” featuring talented members of the CAPRC energy committee and highly-respected guest presenters.
With some 11 foreign diplomats in attendance and requests for the presentations, the CAPRC 2019 Energy Seminar proved successful both with timely content and a demand for a repeat in 2020, at the Turkish consulate in Chicago, the site of the 2019 event on January 18.
“As the economy in Central Asia continues to grow dramatically, the CAPRC presented its annual Energy Seminar featuring talented members of the CAPRC Energy Committee ,” according to Dr. Ozgur Arslan Ayaydin, the CAPRC energy committee chair.
Committee members include: Professor Mehmet Karan, Business School, Hacettepe University, Ankara, Turkey, co-chair; Dr. Arslan Ayaydin, co-chair; Dr. Jamaluddin Husain, Purdue University Northwest; Dr. Paul Prabhaker, associate vice president emeritus, Global Programs, College of Business, Northern Illinois University, DeKalb, Illinois; Professor Anthony Preston, program manager,. Global Programs, College of Business, NIU; and Professor Wim Westerman, University of Groningen, Netherlands.
Joining to discuss the success of the 2019 Energy Conference are (left to right): (Romuald Poplawski, member of the CAPRC’s energy committee and speaker; Dr. Ozgur Arslan Ayaydin, the CAPRC’s energy committee chairman and speaker
SUSTAINABILITY IN THE ENERGY INDUSTRY
Dr. Ozgur Arslan-Ayaydin, Clinical ProfessorDepartment of Finance, University of Illinois at Chicago
SUMMARY: When valuing an energy project, it is important to understand the dynamic of supply and demand fundamentals that drive the prices of energy commodities. In the short term, we can project the continued levels of crude oil production in the U.S. and worldwide. It is expected that the oil price will continue to stay in the current range, which is well reflected in today’s forward curve. Speaking of the medium term, this is the most uncertain projection given the multiple factors at hand, which include the multiple geopolitical conflicts, the uncertain environmental politics, the high cost of drilling new oil wells that may keep the U.S. production from rising, and the possibility of a new recession. Lastly, in the long run, it makes sense to posit the question on existential risks to the oil price, given the increased investment around the world in renewable energy and the growth in the use of electric vehicles.
With respect to the price of natural gas, this market is definitely transforming from a more regional to a more global, where a lot depends on the development of the LNG trade. As the LNG market continues to be highly capital intensive, risky, with long payback, a lot depends on the attractiveness of LNG margins, which have fallen dramatically in the recent years due to the increased competition in the LNG space. Hence, attention needs to be paid to the dynamic of international natural gas trade and to the geopolitical situation in the main natural gas consuming and producing regions. That remains the most important dynamic at present. As for the U.S. production, it seems to be continued at a level that does not allow the price of natural gas to rise significantly, which would push the U.S. to continue to explore export opportunities. The long-term risks to natural gas are similar to those for oil and stem mostly from environmental concerns.
OPPORTUNITIES IN GLOBAL RENEWABLE ENERGY
A Chicago international business executive’s Personal experiences
Romuald Poplawski, U.S. Global Energy LLC Chicago
ENERGY PRICES AND RISKS
Professor Engenia Govbeva, Clinical Professor Department of Finance
University of Illinois-Chicago
Friday, February 1 Annual Chinese New Year Luncheon
House of Fortune Chinese Café
December 4-8 Hong Kong Trade Mission
For those ready to find business opportunities in Asia and tap into China’s growing middle class, or looking for the right business partner who is a known connector to Mainland China and ASEAN region, The Hong Kong Trade Development Council (HKTDC) in Chicago organized a trade mission to Hong Kong from December 4-8, 2018 geared toward Midwest companies who want to make Asia part of their overseas marketing strategy. HKTDC is offering a program of trade shows, conferences and networking events to help companies develop relationships using Hong Kong’s strategic location at the crossroad of Asia and key gateway to China.
CAPRC Board Member Prof. Michael Vasilou of Loyola University Chicago lead this delegation.
December 2018 CAPRC Korean Vets invited to first Documentary about Turkish participation
Turkey’s Consul General in Chicago Umut Acar (center)is seen greeting (left to right) Joseph Haddad and Harry Lepinske, CAPRC board members, who served during the Korean War, to a screening of the first documentary about Turkish troops fighting in the Korean War with UN troops. Screening of the documentary, ” Ayla: The Daughter of War” at Chicago’s audience-packed Gene Siskel Film Center, focuses on a Turkish soldier who befriended a Korean war orphan who he named Ayla, and their emotional story which continued unto 2017, when they were reunited in Korea.
December 3-7, 2018 Aerospace and Defense Trade Mission
Turkey: Ankara, Eskisehir, Istanbul
This program provided access to business briefings from sector experts, B2B meetings with Turkish private sector & foundation companies, site visits, governmental meetings, and numerous receptions, networking opportunities providing access to this $11-billion-dollar market.
December 2018 CAPRC Soybean Summit
Andrew Johansson, the CAPRC Baltic region coordinator (right) is seen with David Headley , trade team leader for the Illinois Soybean Association, during a meeting in Peoria, Illinois, to to discuss Illinois soybean exports. The CAPRC will help promote the ISA’s one-day Soybean Summit Scheduled on Tuesday, Feb. 5, 2019, at the Crowne Plaza, is Springfield, Illinois. They also discussed the CAPRC’s 2019 Silk Road Conference schedule In Chicago, on Wednesday, April 3, 2019, at Illinois Institute of Technology’s Kent College of Law.
The ISA represent 43,000 Illinois soybean farmers. Illinois is the largest US exporter of soybeans John Hackney, the CAPRC’s agriculture chairman, is based in Madison, Wisconsin
November 2018 KYRGYZ-PAKISTAN TRADE
Pakistan’s Ambassador to Kyrgyz Republic Faizal Niaz Tirmizi is seen in the Pakistan Embassy in Bishkek, discussing business and trade with Askar Salybekov, one of Kyrgyz Republic’s most successful businessmen. Ambassador Tirmizi’s previous diplomatic posting was at the Pakistan consulate general in Chicago.
Friday November 9, 2018 Lithuania and Central Asia Historic Trading Partners
Balzekas Museum of Lithuanian Culture
6500 S. Pulaski Rd. Chicago, IL 60629
Professor Harry Lepinske, Chairman
Central Asian Productivity Research Center
Stanley Balzekas Jr, Founder
Balzekas Museum of Lithuanian Culture
LITHUANIA AND CENTRAL ASIA: AN OVERVIEW
Professor Harry Lepinske
Alexander Rimas Domanskis, Attorney
Boodell & Domanskis
Saulius Pumputis, Economic Affairs Consulate General of the Republic of Lithuania
Friday November 9, 2018 CAPRC Q4 Business Meeting
9:00am at Balzekas Museum of Lithuanian Culture
6500 S. Pulaski Rd. Chicago, IL 60629
October 23, 2018 2018 U.S.-Uzbekistan Annual Business Forum
The 2018 U.S.-Uzbekistan Annual Business Forum in Uzbekistan wa a signature event by the AUCC member-companies. Participating companies arrived in Tashkent on Sunday, October 21, 2018 and departed from Tashkent in the morning of Thursday, October 25, 2018 (see tentative agenda). The AUCC delegation to Uzbekistan was led by the chamber’s Chairperson Carolyn B. Lamm and President Steven T. Nadherny. AUCC is a private, non-governmental, 501 (c)(6) trade association that was established in 1993 in Washington, DC. This year, AUCC is celebrating its’ 25th anniversary. The chamber is the oldest business group in the US and the Republic of Uzbekistan that exclusively represents commercial interests of the US corporations before the governments of our two countries.
November 5, 2018 CAPRC WELCOMES NEW PAKISTAN Consulate General
An official welcome to Chicago for Pakistan’s new Consul General Javed Ahmed Umrani (second right) are (left to right): Professor Harry Lepinske, CAPRC chairman; Captain Shahid Naseer, CAPRC’s maritime committee co-chairman, and Michael Krzyston, co-chairman of the protocol committee.
October 19, 2018 PORT OF MILWAUKEE TOUR
The Central Asian Productivity Research Center’s Maritime Committee scheduled an orientation and study tour of the Port of Milwaukee, at 10:30 AM on Friday, October 19. Purpose was to study the usage and economic impact of the port. Presenting the orientation and conducting the tour will be Peter Hirthe, senior trade development representatives, FTZ, followed by Khay Khong, Wisconsin Economic Development Corporation.
September 21, 2018 Economic Trends in Asia & The Influence of Global Trade
Thomas Hulseman, executive director of the Chicago Regional Growth Corporation., is seen introducing his presentation during the CAPRC’s third quarter meeting held Friday, Sept. 21, at NIU, in Chicago. Focusing on the mission of the CRGC.
Professor Harry Lepinske (left) , CAPRC chairman, is seen presenting a “Certificate of Appreciation” to Xiangpeng Kong, vice president and senior sales manager in the Global Trade and Receivables Department of HSBC, in Chicago, following his presentation about the “Economic Trend in Asia And The Influence of Global Trade” during a seminar, following the CAPRC’s third quarter meeting on Friday morning, September 21, at Northern Illinois University’s loop facility, 105 W. Madison St.
Sponsored by the CAPRC’s Finance Committee, the event was attended by representatives of business, trade, and government.
Chairing the event was Dr Ozgur Arslan-Ayaydin, clinical professor, Department of Finance, University of Illinois-Chicago and chair of the CAPRC’s finance committee.
Professor Harry Lepinske is seen presenting a “Certificate of Appreciation” to Dr. John Kalaras, chairman of the CAPRC’s Quality Management Committee for his many years of service and successful Educational programs, during the CAPRC’s third quarter business session held at NIU. On Sept. 21.. Recently he was the lead presenter for a CAPRC management training program for five Russian visitors, who were part of World Chicago’s U.S. State Department programs.
September 13, 2018 Turkish Cultural Festival
Turkish Consul General Umut Acar (center) is seen welcoming VIPS and foreign diplomats to the 2018 Chicago Turkish Festival held at Daley Plaza, in downtown Chicago
Turkish Consul General Umut Acar (center) is seen welcoming VIPS and foreign diplomats to the 2018 Chicago Turkish Festival held at Daley Plaza, in downtown Chicago, September 13-15, 2018. Besides booths offering Turkish arts , crafts, an delicious Turkish food items, there were cultural performances, including the famous. Whirling Dervish
(seen above) drum shows, and fashion shows.
September 5, 2018 FAREWELL LUNCH FOR PAKISTAN CG FAISAL NIAZ TIRMIZI
CAPRC advisory board members are seen at a Farewell Lunch for Pakistan Consul General in Chicago Faisal Niaz Tirmizi, on Monday, Aug. 27, 2018, at the Ismaili Jamatkhana, located in Glenview, Illinois. Consul General Tirmizi was scheduled to depart Chicago on Sept. 5, exactly five years from the date he arrived in Chicago. He has been a strong supporter of the CAPRC.
August 22-23, 2018 Invitation to Doing Business in Tashkent Region:
The Embassy of Uzbekistan to the United States and the Tashkent Region administration invited American companies to attend the International business forum “Doing business in Tashkent Region” on August 22-23, 2018 in Bostanlyk, Uzbekistan’s best tourist destination. Top-level representatives of the Government of Uzbekistan and the Tashkent Region administration will participate in the forum, including Governor of Tashkent Region Mr. Gulomjon Ibragimov and mayors of different towns and districts. The agenda included presentations of investment opportunities in tourism, agriculture, construction, manufacturing, textile, etc. There were B2B meetings as well as visits to local industry and a celebration of the Uzbek cuisine and Uzbek artists.
August 17, 2018 CAPRC conducts Management Training Program for World Chicago Russian – U.S. Department of State Visitors
Dr. John Kalaras, senior professor and global consultant, Quality Institute, (second left) is seen with visitors who came to observe a Central Asian Productivity Center management training program. With him are Marina Chudnovsky, Northwestern University (left), Vibhav Upadhay, founder and president of the Global Partnership Summit; and Paul Thomas McDermott, president and CEO for Civilocity and “Smart Cities”
Professor Kalaras was the lead presenter for a management program held for five Russians entrepreneurs, at the offices of World Chicago, in Chicago.
The program was presented for World Chicago, in cooperation with a U.S. State Department project.
June 25-30 Midwest Trade Mission to Hong Kong and 2018 Belt Road Summit
With the expansion of the modern day Silk Road spearheaded by the Chinese Government called the Belt and Road Initiative, U.S. companies have the opportunity to tap into the expansion of new markets spanning over more than 60 countries, using Hong Kong as the trading gateway. Experts learned about ways to get involved in the projects, the opportunities and challenges, case studies of projects in the works, investment, and the business know-how needed in energy, transportation and logistics, rural and urban development, and more to kick-start these major projects.
Business briefings focusing on aspects of the regional maritime industry and its economic value will highlighted a half-day seminar and tour of the, Portage, Indiana, a short drive from downtown Chicago, on Friday, June 22, 2018.
Organized by the Central Asian Productivity Research Center, in cooperation with the Northwest Indiana World Trade Alliance, registration will begin at 9:30 AM and presentations begin at 1000. Yuri Hoffman, event chair and co-chair for the CAPRC’s maritime committee, offered the opening remarks; Professor Colleen Hickman, CAPRC secretary and president of the NWIWA, will extended the official welcome.
Ian Hurt, port director, discussed the “International Port of Indiana And Its Economic Value”’; Captain Shahid Naseer, a master mariner, and president of Shaars International, Rockford, Illinois, spoke about “The Changing Maritime Industry”; followed by Curt Felch, vice president, International Trade Services, will focus on “The Value Of Using Foreign Trade Zones”.
May 18, 2018 AZERBAIJAN CELEBRATES ADR’s 100th ANNIVERSARY
Professor Harry Lepinske, served as a guest speaker during the 100th anniversary celebration of the founding of the Azerbaijan Democratic Republic on May 28, 1918, during an anniversary gala held on May 18, 2018, at the Double Tree Hotel, in Skokie Illinois, sponsored by the Azerbaijan American Community of Illinois
Aziza Goyushzade. From Voice of American, interviewing Professor Lepinske, chair for the Central Asian Productivity Research Center, established in 1999 in Azerbaijan.
May 11-12, 2018 International Business Forum in Navoi, Uzbekistan
First day of the forum:
I. Visiting remarkable and sightseeing places
in the Navoi province;
II. Visiting different regions of the province,
according to the foreign investor’s/visitor’s interest.
Second day of the forum:
I. Opening ceremony of the international business forum in «Navoi» Free Economic Zone, presentations of investment and tourism potential of the province.
II. Negotiations on tourism and investment projects, discussion practical issues of cooperation in separated sectors.
III. Farewell ceremony (Dinner & concert program)
APRIL 15-20, 2018 SILK ROAD WEEK
CHAMBERS FROM EAST AND WEST MEET IN CHICAGO DURING SILK ROAD WEEK
Changing aspects for international business and trade resulting from China’s “Silk Road Initiative” effecting some 60 countries; and meetings between chambers of commerce representing the Silk Road countries and representatives from regional chambers of commerce took place during the 2018 Silk Road Conference scheduled in Chicago on Friday, April 20, 2018.
Private meetings between representatives from business, government, and academia were scheduled on Monday and Tuesday, April 16 and 17. Seminars and round table discussion were scheduled on Wednesday and Thursday, April 18 and 19 The week-long event concluded with the annual Silk Road Conference scheduled from 8 AM until 5 PM, at the Illinois Institute of Technology’s Kent College of Law Auditorium, 565 W. Adams St., Chicago.
Organized by the Central Asian Productivity Research Center, founded in Azerbaijan and Turkey in 1999, the event was co-sponsored by the Global Programs, College of Business, Northern Illinois University and the CME Group, Chicago.
Some two dozen speakers and panelists focused on the rapidly changing region that is described by a former undersecretary of defense as a very important strategic region for the US.
Professor Harry Lepinske, of Western Springs, CAPRC chairman, said, “Most Americans are not aware of the region, let alone its expanding importance. The region is changing rapidly. A cobweb of lines on a map across Central Asia in 1999 today is a cobweb of energy pipelines; Chinese are shipping freight from Southern China to Western Europe by rail in ten days; Europeans are driving to Beijing;, and some 20,000 Americans are working in Azerbaijan.”
Illinois Institute of Technology Kent College of Law
Commenting about “Azerbaijan’s Contribution to Enhancing Regional Connectivity” is Azad Aslanov, political officer, Embassy of the Republic of Azerbaijan, Washington, D.C. Focusing on the “China-Pakistan Economic Corridor” is Hon. Rabia Shafiq, deputy consul general, consulate general of Pakistan, Chicago.
One of the most frequent speakers at CAPRC events is Mustafa Ilbeyli, US advisor, Republic of Turkey Prime Minister, Investment Support and Promotion, Agency of Turkey, New York, NY, who discussed the “Investment Climate and Opportunities in Turkey”.
CHINA’S ONE BELT ONE ROAD INITIATIVE
The afternoon sessions continued to focus on China’s s US$41 billon initiative–OBOR , which will affect some 64 countries.
Focusing on the “China-Pakistan Economic Corridor, was the Hon. Rabia Shafiq, deputy consul general, Consulate of Pakistan, in Chicago.
Professor Chen Shenchang, vice president of the World Academy of Productivity Science and vice president cum secretary general for the Chinese Association of Productivity Science, Beijing, China, is seen discussing “The Belt and Road Is a Collective Effort To Promote New Development in World Productivity”
Discussing how chambers of commerce and trade groups can help develop new business are(left to right): Professor Colleen Hickman, president of the Northwest Indiana World Trade Alliance and secretary for the CAPC; Demitrus Evans, attorney and CAPRC associate board member, who served as moderator; and Sarah Frese, executive director for the U.S.-Kazakhstan Business Association. This panel discussion is usually is one of the most popular sessions.
Continuing the chamber discussion was Laura Ortega-Lamella, executive director, International Business Council, Illinois Chamber of Commerce
Brightening the afternoon was Hon. Chalid Rosmalawati, consul general, Republic of Indonesia, Chicago. Because of the Belt and Road expanding into Indonesia, this session was added, thus opening the door to more cooperation with Southeast Asia.
If you did not attend he 2018 Silk Road Conference and are interested in contacting any of the speakers or you are interested in future CAPRC events, simply send an e-mail with your business card to:
Thursday, April 19 AN ALTERNATIVE EDUCATIONAL MODEL
The Silk Road Conference organized by CAPRC was a great success. Government officials, business people and other dignitaries from all Silk Road countries flew to Chicago, to take part at this “one-of-a-kind” event.
On Wednesday the conference held its business development summit at the Illinois Science & Technology Park, in Skokie, IL. The event was hosted by Timothy Lavengood, director of the incubator at the Park, where he presented opportunities for businesses to start at a low cost and grow to a fully-fledged business.
The day continued with Dr. John N. Kalaras who presented his Alternative Mode To Business Development. The event concluded with a tour to the incubator facilities, so visitors could obtain a first hand impression on how the incubator concept works. It was interesting to see that the room was filled to capacity; actually we had to bring in more chairs.
Everyone not only enjoyed the presentation, but they called for Dr. Kalaras to visit their place and offer it to their people. Indeed he has a unique and highly effective methodology to teaching-learning.
Wednesday April 18 HOW SKOKIE’s TECH PARK CAN HELP YOUR BUSINESS
An orientation and tour of the Illinois Science and Technology Park, 8025 Lamon Ave., Skokie, was scheduled on Wednesday, April 18, 2018.
Organized by the Central Asian Productivity Research Center’s Quality Management and Entrepreneurship committees, Tim Lavengood, executive director, of the Incubator, will focused on “Business Incubators and Entrepreneurship Development”, followed by Prof. Dr. John Kalaras, CEO and global consultant, Quality Training Institute, Inc., will focus on “An Alternative Business Development Model”
Prof. Dr. Rüstem Aslan
March 26, 2018 Indonesian Cultural Center in Chicago
Professor Harry Lepinske,(center-left) chairman, CAPRC is seen welcoming Hon. Irwin Prayitno, governor of West Sumatra, Indonesian, during his visit and presentation at the Indonesian Cultural Center in Chicago, on March 26, 2018.
CAPRC board members were invited to meet him to discuss bilateral business and trade relations. Participating also was Ms.Dimitrus Evans, attorney and CAPRC advisory board associate.
March 26 BUSINESS OPPORTUNITIES IN WEST SUMATERA
West Sumatera is one of the provinces in Indonesia. It lies on the west coast of the island of Sumatera. The province is famous for its traditional food rendang (spicy beef curry dish), which was recorded as the most delicious food in the world by CNN based on their survey in 2017.
The economy of West Sumatera in 2017 grew 5.29 percent and is dominated by sectors of agriculture, forestry and fishery (23.55%), retail trade and motorcycle repair (15.05%), and transportation and warehousing (12.64%). Tourism industry and agricultural products such as nutmeg, pepper, arecanut, pale catechu, vanilla, cinnamon, coffee and chocolate will become the main exports commodities in the future.
To promote business opportunities in tourism, renewable energy and fisheries sectors in West Sumatera, the Indonesian Consulate General in Chicago is proudly presents His Honorable Irwan Prayitno, the Governor of West Sumatera. West Sumatera traditional cuisine will be provided for lunch.
CAPRC ENERGY SEMINAR REPORTED “ HUGE SUCCESS”
Upon leaving the CAPRC’s energy seminar held on Friday, March 16, 2018, at the Consulate General of Turkey in Chicago, one attendee Reported, “This one of the CAPRC’s best events ever! The quality of the presentations and quality of the
attendees was of the highest quality”.
The seminar, “Central Asia’s Role in World Energy”, focused on energy developments in Central Asia and new business opportunities in the region. Prof. Harry Lepinske, CAPRC chair, offered the opening remarks. Leading the presentations was Turkey’s Consul General Umut Acar, who offered the official welcome and Turkish greetings.
Dr. Professor Ozgur Arslan-Ayaydin, clinical associate Professor of finance at the University of Illinois-Chicago, spoke about the “Sustainability In The Energy Industry. She, another CAPRC advisory board member, Prof. Dr.
Mehmet Karan, professor at Hacettepe University, in Ankara, and several other European professors, have been researching this topic and writing about it for some years. Their publications are known worldwide. They maintain
timely data and revise their writings.
Caner Can, energy consul for Turkey, at the consulate in Houston, Texas, spoke about “Turkey: A Rapidly Expanding Energy Trading Hub”.
Beginning with the BTC people. He described the expansion of the cob web of energy pipelines throughout the region., with the pipes leading to the Turkish seaport of Ceyhan, where oil and gas can be shipped much easily than with ships passing through the narrow straits from the Black Sea to the Mediterranean Sea. Geographically, Turkey is in close proximity to 70% of the world’s proven energy resources.
Romuald Poplawski, president of U.S. Global Energy LLC, a Chicago energy firm, described his personal successes and challenges in the energy field and explained the new opportunities with solar energy and wind power.
Concluding the seminar was F. Lee Simmons jr., president and CEO of BioEnergy Corporation, based just north of Chicago, in the Illinois Science and Technology Park, located in Skokie.
He introduced new revolutionary scientific ideas that he is transferring into business enterprises. He spoke about new ideas and a new company which will be the marketing tool for new concepts and making them realities. Besides stressing new energy concepts, he stressed the financial and business transactions in which the company has been involved. He is making new science practical.
Summaries of the presentations will be available by Contacting : firstname.lastname@example.org.
HONG KONG TRADE OFFICIAL TO SPEAK AT CAPRC’S ANNUAL CHINESE NEW YEAR LUNCH
The Hong Kong Trade Development Council guest speaker was the focus of the Central Asian Productivity Research Center’s annual Chinese New Year luncheon. The presentation focused on Hong Kong as a gateway to the China market and the role of Hong Kong in China’s multi-trillion dollar “One Road One Belt” initiative.
February 14 CAPRC REPRESENTATION AT U.S. STATE DEPARTMENT FORUM
Tom Hulseman, executive director of the newly-formed Chicago Regional Growth Corporation and Central Asian Productivity Research Center associate advisory board member, was one of the Key speakers during the U. S. State department, Office of Foreign Missions’ International Business Forum held on Wednesday, February 14, at the Union League Club, in Chicago.
Representing the CAPRC were Professor Harry Lepinske, chairman, and Yuri Hoffman, advisory board member and chair of the CAPRC’s maritime committee.
The event offered an environment for attendees to meet with foreign diplomats and foreign trade representatives.
Hulseman focused on the CRGC’s mission, including how his former organization Metro Chicago Exports , was merged into the CRGC to promote exports and bring together a freight
Pakistan, a fast growing economy in Asia, is now member of trillion dollar markets club, said Mr. Faisal Niaz Tirmizi today. Addressing the Pakistan Seminar at Pakistan Consulate. This Seminar was organized by the Pakistan Consulate in collaboration with Central Asian Productivity Research Center (CAPRC). The event was attended by Professor Harry Lepinske, Chairman CAPRC, Mr. Thomas Choi, Public Engagement Manger at the Office of the Governor of Illinois, Ms. Laura Ortega, Executive Director, Illinois Chamber of Commerce, Ms. Margo Markopoulos, Director Office of Trade and Investment Illinois Department of Commerce and Economic Opportunity, Mr. Ahmed S. Khan, Professor at DeVry University, Mr. Timothy J. Sanders, Director of Engagement at Purdue University, Mr. Jamaluddin Husain, Professor of Entrepreneurship, Purdue University besides a large number of business and investment experts.
Before the start of Pakistan Seminar, Professor Harry Lepinske and members of CAPAC presented its annual report in which they highlighted the business and tourism potential of the Silk Route countries. A special report about tourism opportunities and tourist destinations of Pakistan was also presented by the members of CAPRC. Professor Harry Lepinske profusely thanked the Pakistan Consulate for actively working with CAPRC and for hosting today’s event.
Mr. Brent Edward Huffman, Professor at Northwestern University and renowned director, writer, and cinematographer of documentaries and television programs, also participated in the event. He gave a PowerPoint presentation about Chinese investment in Pakistan as he is currently working on a documentary on the subject.
Consul General Tirmizi presented a PowerPoint presentation titled ‘One Belt, One Road” (OBOR) highlighting its importance for economic development of the region. He presented Pakistan’s perspective about the project to the audience and briefed them about China-Pakistan Economic Corridor (CEPEC), flagship project of OBOR. He said that CPEC will turn Pakistan into a regional trading hub and a lucrative market for foreign direct investment. He extensively briefed the audience about CPEC affiliated transportation infrastructure and energy projects. He said that this project would not only boost the economies of Pakistan and China, but would have a positive knock-on effect on other regional countries including Iran, Sri Lanka and the Gulf region.
Mr. Tirmizi also touched upon investment friendly policies of the Government of Pakistan and talked about vast potential of investment in the country by international businesses. He quoted the excellent business experience in Pakistan by Ingredion, PepsiCo, Procter and Gamble, two of which are based in Midwest US. He further said that PepsiCo is making more profits in Pakistan than India.
While speaking about Government of Pakistan’s efforts to facilitate international tourists in Pakistan, Consul General Tirmizi informed the participants that now tourists from 24 countries including the United States can get visa on arrival at Pakistani airports. He said that this development would immensely facilitate the international tourists who intend to explore unique tourist sites and beautiful landscapes of Pakistan. He told the audience that last year 1.7 million foreign tourists visited Pakistan whereas this number is likely to reach at 3 million in 2018. Due to better economic, social and security situation of the country the northern areas of Pakistan received 30 million domestic tourists in 2017.
The briefing session was concluded with a brief Q&A session. While answering a question about current state of bilateral relations between Pakistan and the United States, Mr. Tirmizi said that despite difficulties, our bilateral ties have sustained over the past seventy years. This relationship is diverse and has remained rewarding for both sides. The Consul General apprised the audience about Pakistan’s crucial role in the détente between United States and China.
Friday, January 19 2018 9:15 AM CAPRC 2018Q1
Meeting at the offices of the Consulate General of Pakistan, 333 N. Michigan Ave., Ste 728.
November 28, 2005 The 1st New Silk Road Conference
Alex Krzyston northwestern
Alex Krzyston northwestern x Alex Krzyston NORTHWESTERN x Alex Krzyston northwestern x Alex krzyston NORTHWESTERN
Alex Krzyston northwestern x Alex Krzyston NORTHWESTERN x Alex Krzyston northwestern x Alex krzyston NORTHWESTERN
Alex Krzyston northwestern x Alex Krzyston NORTHWESTERN x Alex Krzyston northwestern x Alex krzyston NORTHWESTERN