April 9, 2013
Mexico on Monday gave its support to Japan’s bid to join trade talks in the Asia-Pacific region that would create the world’s largest free trade zone. Japan asked to join the Trans-Pacific Partnership (TPP) in March and is awaiting a formal decision by the 11 current participating countries, which could come as early as this month.
“We express our sympathy, support and backing for the interest that Japan has shown in participating in the TPP,” Mexican President Enrique Pena Nieto said at a joint news conference with Japanese Prime Minister Shinzo Abe in Tokyo. If Japan, the world’s third-largest economy, joins the TPP, the free trade zone would cover nearly 40 percent of world economic output.
March 13, 2013
San Francisco Chronicle, 3/12/2013
Since Enrique Pena Nieto’s election, the Mexican president has focused on economic growth and fighting poverty. The new Mexican administration should focus on out-competing China and other lower-cost manufacturers. The higher price of fuel has meant that goods from Asia are more expensive to ship, providing a further incentive for North American companies to source products from Mexico.
As we begin the 20th year of the North American Free Trade Agreement among Canada, the United States and Mexico, it is a good time to reflect on the seminal trade pact and how to encourage integration and foster economic growth.
October 9, 2012
Secretary of the Economy, 10/8/12
Mexico formally joined the Trans-Pacific Partnership Agreement (TPP) as a full negotiating member once the other countries finished their internal procedures to accept new members. This important achievement in Mexico’s trade policy has been the result of an intense effort, which began in November 2011, when Mexico expressed interest in being part of this negotiation.
September 24, 2012
The Arizona Republic, Erik Lee, 9/21/12
Our neighbor to the south is an economic powerhouse, currently growing more than twice as fast as we are. It is now in an even better position to buy products that are “Made in the U.S.A.”, which in turn means that what’s good for Mexico’s economy is, in the big picture, good for job creation in the United States. This positive economic news about our neighbor is largely counterintuitive for most Americans and an interesting realization…
Phoenix Mayor Greg Stanton and Tucson Mayor Jonathan Rothschild recently went on a trade mission to Sonora and Mexico City last month, their second this year, which shows remarkable commitment to this topic. However, there continues to be a fundamental shortage of resources dedicated statewide for expanding trade with Mexico.
The outcomes of trade policy affect people through their jobs and their personal economies. With 6 million jobs in the U.S. depending on trade with Mexico, we must discuss how to build upon this fortuitous and very large economic exchange at the national, state and local levels.
August 16, 2012
AS/COA, Eric Farnsworth, 8/2/12
As North American economic integration intensifies, the importance of the border will increase. That is particularly true in sectors, such as autos, that are no longer “made in the USA” or “made in Mexico,” but, along with Canada, made in North America. Such products cross the border several times during the production process; a thick or inefficient border is a drag on production and reduces global competitiveness.
This reality has intensified since implementation of NAFTA almost 20 years ago. Today, North America is a true co-production platform. Conclusion of the Trans-Pacific Partnership, which Mexico and Canada both joined in June, will continue this integration process as North America engages collectively with Asia. Accelerating economic trends will amplify the role of the border in regional commercial affairs. Fortunately, we have an excellent opportunity to build a better border should we, in the words of Mission: Impossible, choose to accept it.
July 9, 2012
El Universal, 7/9/12
Today, the White House formally informed leaders in the Mexican Congress that they will be inviting Mexico to join the Trans-Pacific Partnership (TPP). Ambassador Ron Kirk, the head US Trade Representative, said that inviting Mexico would enable both nations to expand trade and further prosperity.
June 5, 2012
El Economista, 6/5/2012
The United States and eight other countries that are negotiating a treaty for free commerce in the Asia Pacific region are still undecided about an offer made almost seven months ago by Japan, Canada and Mexico to join these conversations.
This information comes from the United States Trade Representative (USTR) that also assured that “once again, the ministers thanked the interest of Canada, Japan and Mexico to join the TPP (Trans-Pacific Partnership).” According to this information release, the ministers spoke about the progress of bilateral consultations of each member country with Canada, Japan and Mexico, respectively.
“Decisions on the admittance of these candidates into the TPP have not been made,” declared the USTR in an information release signed in Russia and added that consultations will surely continue.