|Logo of 2020 Asia-Pacific Conference of German Business|
By Yi Whan-woo
The Asia-Pacific Conference of German Business for the first time was held online, Oct. 19, to discuss the future of global value chains, acceleration of digitization in the time of COVID-19 and the challenges of decoupling of the United States and China.
Hosted by the Asia-Pacific Committee of German Business, the conference is held every two years with business leaders, executives and politicians from Germany and Asia-Pacific countries sharing thoughts on economic relations between the two sides.
It is the most important German business networking event in the Asia-Pacific region. The conference took place offline in the past, but went online to comply with the social distancing campaign against the coronavirus. The German dignitaries in the 2020 event included Chancellor Angela Merkel, Minister of Economic Affairs and Energy Peter Altmaier, Asia-Pacific Committee of German Business Chairman and Siemens CEO Joe Kaeser.
The topics discussed ranged from cooperation between Europe and Asia in the 21st century to Asia-Pacific as “a motor for the world economy,” global value chains and regionalization, strategies for digitization in Europe and Asia, the future role of Asia-Pacific and geo-economics.
The 2020 meeting was initially scheduled to be held in Tokyo, April 17, but was postponed and eventually replaced with the online event.