Secretary of Economy, Ildefonso Guajardo Villarreal, held a meeting with Ivy R.
Taylor, Mayor of San Antonio, Texas, who is leading a trade mission to Mexico,
where several member companies of the Chamber of Commerce of that city are
During the meeting,
the Secretary of Economy and the Mayor reviewed the state that holds the
commercial relationship between Mexico and San Antonio, and the business
opportunities that exist in sectors such as aerospace, oil refining and
chemicals, manufacturing, technologies of information and biotechnology.
highlighted that the closeness between Mexico and San Antonio is historical and
was accentuated by the entry into force of the North America Free Trade
Agreement (NAFTA) in 1994. Since then, the Secretary of Economy said, San
Antonio has played a key role in increasing trade between Mexico and the United
States, since a significant amount of goods that both countries exchange are
passing through that city.
agreed that the relationship between Mexico and San Antonio has deepened itself
through initiatives such as the High Level Economic Dialogue (DEAN, by its
initials in Spanish), established in 2013 and whose objective is to increase
the productivity, competitiveness and growth in North America. It also they
highlighted that the bilateral trade ties will be strengthened by the
opportunities offered by the Agreement of Trans-Pacific Partnership (TPP, for
its acronym in English), which Mexico and the United States are founders.
Since the signing
of the NAFTA in 1993, the sales from Texas to Mexico increased fivefold,
amounting to 103 billion dollars in 2014, that is to say, 36% of the state's
exports abroad. Today, Mexico is the main trade partner of Texas, with annual
trade of almost 193 billion dollars.