Tomorrow be sure to join us for a discussion about the current state of the economic relationship between the US and Mexico. Joining us for lunch will be a terrific panel Michael C. Camunez, Assistant Secretary of Commerce for Market Access and Compliance,D. Rick Van Schoik, Director, North American Center for Transborder Studies and Simon Rosenberg, President,NDN and NPI
At the core of the discussion will be the findings of the New Policy Institute’s major new report, Realizing the Value of our Cross Border Trade with Mexico. Lunch will be served at noon, and the program will begin at 12:15pm. It will all take place the NDN/NPI offices, 729 15th, NW, in our first floor event space. To reserve your slot please RSVP today. Below are some helpful data points to peruse ahead of the event.
U.S.-Mexico Border Management: Building the Infrastructure for Future Competitiveness
Sharing a 2,000-mile long border with Mexico needs to be recognized as both a challenge and an opportunity. Though improving, our border’s current infrastructure and capacity today reflect the needs of a bygone era. While land ports of entry between the two nations were first envisioned to process the legitimate crossing of people, goods and services across the border, security has taking an overwhelmingly dominant role in recent years, hampering the ability of agencies to efficiently manage border traffic.
With this in mind, in May of 2010 the U.S. and Mexico signed the 21st Century Border Management Joint Declaration. Recognizing the importance of fostering the commercial relationship, both countries have agreed to coordinate efforts to enhance economic competitiveness by expediting lawful trade. The basic idea is that developing a modern and secure border infrastructure will give an added boost to our region’s safety and competitiveness in the world.
The Presidents National Export Initiative and Mexico
The NEI is the Obama Administration’s commitment to serve as a full partner with U.S. businesses to promote American-made goods and services worldwide, within global trading rules. The NEI is focused on (1) improving trade advocacy and export promotion efforts; (2) increasing access to credit, especially for small and medium-sized businesses; (3) removing barriers to the sale of U.S. goods and services abroad; (4) robustly enforcing trade rules; and (5) pursuing policies at the global level to promote strong, sustainable, and balanced growth.
In a past speech Assistant Secretary Camunez recognized the importance of the 21st Century Border Management initiative. The system has three areas of focus that are overseen by a bi-national Executive Steering Committee (ESC), of which my office in the Department of Commerce is a part, and three working groups Brder Infrastructure, secure Flows of Goods and People; and corridor Security.
Recognizing that border trade facilitation has been studied to date, and what’s needed is action, the ESC developed a 12-month action plan for the border region, which seeks to enhance economic competitiveness by supporting a bilateral border master plan process for infrastructure projects in order to increase capacity; expand trusted traveler and shipper programs; and explore opportunities for pre-clearance, pre-inspection, and pre-screening processes for commercial goods and travelers.
Trade with Mexico: An Abundance of Value That Is “Hidden In Plain Sight”
- Given the complementarity of the U.S. and Mexican economies, bilateral trade has grown exponentially between Mexico and the United States, reaching a record high of nearly $400 billion in 2010.
- Mexico is now the third-ranked commercial partner of the U.S. and the second largest market for U.S. exports.
- American consumers and businesses import large quantities of jointly produced products and services from Mexico such as automobiles, produce, and petroleum, just to name a few. Still, for every dollar Mexico makes from exporting to the U.S., it will in turn spend 50 cents on U.S. products or services, which are a considerable benefit to our economy and demonstrates the truly unique quality of this trade or “joint production” relationship.
We hope you will join us next week for what will be a terrific discussion. Lunch will be served at noon, and the program will begin at 12:15pm. It will all take place at the NDN/NPI offices, 729 15th, NW, in our first floor event space. To reserve your slot please RSVP today. If you would like to view the event over the web, please do so by going to the NDN/NPI channel at 12:15 tomorrow on the web-casting platform Spreecast. And feel free to send this invitation to others you think may be interested in joining us.