For Immediate Release: January 26, 2012
Contact: Lorri Crowley (202) 482-3809
Commerce Official Emphasizes Cross Border Trade With mexico
WASHINGTON – Michael Camuñez, Assistant Secretary of Commerce for Market Access and Compliance, discussed key findings of the New Policy Institute’s (NPI) Realizing the Value of our Cross Border Trade with Mexico report and discussed Department of Commerce efforts to increase trade between the United States and Mexico today during remarks at the New Policy Institute (NPI).
“The U.S.-Mexico relationship is an important economic asset for both our countries and we are committed to seeing it flourish,” Camuñez said. “Strengthening our economic ties and facilitating cross-border trade between the United States and Mexico will help deepen our competitiveness and improve our collective position in the challenging global economic environment we face today.”
Mexico is the United States’ third-largest trading partner and second-largest export market for U.S. products and services. Since its enactment in 1994, the North American Free Trade Agreement (NAFTA) has bolstered the strong manufacturing industries on both sides of the border, facilitating an active exchange in parts and components along supply chains for various industry sectors. NAFTA is largely responsible for an increase in U.S.-Mexico bilateral trade, which went from $88 billion in 1993 to $302 billion in 2009.
The full text of Assistant Secretary Camuñez’s remarks is located at http://trade.gov/press/speeches/2012/camunez-012612.asp.
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