The 2019 Latin Tyre Expo & Latin Auto Parts Expo in Panama will have a change of venue and split show dates, as a result of delays in construction of the new Amador Convention Center, according to show organizers.
The $193-million Amador facility offers spectacular views of the Panama Canal and Panama City skyline, and was expected to be the site for the co-located event. However, Linda Bassitt, president of show organizer Latin Expo Group, told Aftermarket Business World the convention center will not be ready in time. Therefore, the team has put a contingency plan in place -- holding the Latin Tyre Expo (June 26-28, 2019) and the Latin Auto Parts Expo (July 17-19, 2019) at the ATLAPA Convention Center in Panama. This is the same location and show structure that has been used in the past.
The Latin Tyre Expo showcases more than 200 exhibitors, while more than 300 exhibitors are featured at the Latin Auto Parts Expo. Thousands of buyers from Latin America and the Caribbean attend both shows annually. The expo agenda includes educational presentations from industry leaders both from the tire segment and the automotive aftermarket.
As global economies improve, Latin America is also benefiting from the increase in business opportunities.
The Central America region as a whole represents a market of about 46 million people who collectively imported over $29.6 billion of U.S. goods in 2017. As a result, the region is the 3rd largest export market for U.S. manufactured goods in Latin America behind only Mexico and Brazil, according to the U.S. Department of Commerce’s International Trade Administration.
Bassitt says the expos provide valuable insights to new and experienced tire and auto part exporters who will gain knowledge of the export opportunities in this dynamic region. The U.S. Department of Commerce endorses the Latin Tyre Expo as well as the Latin Auto Parts Expo and sees both shows as an excellent opportunity for U.S. companies to showcase their products and services.
”The market is growing in Latin America. All companies and distributors of U.S.-manufactured products have a great opportunity to sell their products at the expos,” said Bassitt. “We highly encourage exhibitors looking to expand into the Latin American parts market to reach out to the department for assistance and advice.”
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