Compliance News / Compliance

Business Leaders Chart Path Forward for U.S.-Mexico Economic Relations

Opportunities Identified in Multiple Sectors

December 13, 2013
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Economic relations between the U.S. and Mexico are rife with opportunities in the areas of infrastructure, energy, regulatory cooperation, customs modernization, and education and workforce development, according to the U.S. Chamber of Commerce.

After two days of talks, U.S. and Mexican business leaders on Wednesday concluded the U.S.-Mexico CEO Dialogue with recommendations on ways to improve and deepen the bilateral economic relationship between the two countries.

“This is a big agenda. It’s a bold agenda. But it’s doable if we commit ourselves to accomplishing it,”Thomas J. Donohue, president and CEO of the U.S. Chamber of Commerce, said. “Going forward, we will communicate the outcomes of our discussions to both governments, identify vehicles for the implementation of these recommendations, and work to engage stakeholders in both countries to foster an environment where the vision of the CEO Dialogue can be realized.

“By working together, we can help build a future of shared prosperity, security, and efficiency between the United States and Mexico – a goal worthy of our very best efforts,” Donohue added. “Doing so will allow us to further integrate the North American market and make it more competitive in the global economy.”

The recommendations are meant to help inform lawmakers on a host of business and economic issues, providing meaningful private-sector input for economic policymaking in both governments.

The talks were spearheaded, on the U.S. side by Donohue and by John Rice, chair of the Chamber’s U.S.-Mexico Leadership Initiative (USMLI) and vice chairman of General Electric, who led a delegation of senior private-sector representatives to Mexico City for the meetings. Mexico’s executives were headed by Consejo Coordinador Empresarial (CCE) President Gerardo Gutiérrez Candiani and Grupo Alfa Chairman and CEO Armando Garza Sada.

Dialogue participants had the opportunity to discuss a variety of issues with senior public officials, including Mexican Secretary of Economy Ildefonso Guajardo, Mexican Undersecretary of Foreign Affairs for North America Sergio Alcocer, Mexican Undersecretary of Finance and Public Credit Fernando Aportela Rodríguez, U.S. Ambassador to Mexico E. Anthony Wayne, Mexican Ambassador to the United States Eduardo Medina Mora, and President of the Mexican National Conference of Governors Rafael Moreno Valle.

 Mexico is the second largest global market for the United States. Last year, the two countries exchanged nearly $500 billion in goods trade, equal to $1.35 billion of commerce crossing our shared border daily. That trade supports six million jobs in the U.S.  

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