Driving Innovation and Economic Growth Across National Borders

The Baltic American Chamber of Commerce (BACC) and its representative Inga Klimasauskiene took an active role in the 8th Annual Global Trade and Investment Forum which was held on April 20th, 2023 in New York City. This year’s Global Forum focused on the importance of soft landing policies, strategies and programs for the establishment of cross-border innovation hubs and the growth of regional economies through a soft-landing internationalization strategy. Its themes included investment in foreign companies expanding in the U.S., soft landing opportunities in clean energy and energy storage technologies, food and agriculture. The U.S. offers the largest consumer market on earth with a GDP of $20 trillion and 325 million people. Household spending is the highest in the world, accounting for more than a quarter of global household consumption. However, foreign businesses entering the U.S. market have faced many challenges. Participants in the forum discussed soft landing programs that help to reduce risk and cost for potential foreign investors, especially startups and smaller companies who penetrate the U.S. market.

The Global Trade and Investment Forum is a venue for academics, technology leaders, policy makers and business executives to discuss potential growth opportunities for the regional economy through worldwide connectivity, including exports to international markets, attraction of foreign business investment, and the advancement of international strategic partnerships.

The Baltic American Chamber of Commerce (BACC) is New York-based organization dedicated to guiding, promoting and advancing business relations between the U.S. and the Baltic States (Estonia, Latvia and Lithuania). As an exclusive members’ organization, we are laser-focused on helping our members’ businesses expand, grow and thrive on both sides of the Atlantic.