Mexico, US plan joint strategy to lure businesses back to N. America

Robert Besser
07 Dec 2022, 13:58 GMT+10

Mexican Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo will draft a plan by early 2023 to attract companies from Asia to relocate in North America
On her visit to Washington this week, her first since taking office in October, Buenrostro met with senior U.S. officials to discuss how to attract businesses from Asia
They also discussed other trade issues, such as boosting supply chains and the importance of energy, food and national security to economic development

WASHINGTON D.C.: Mexico's government announced that Mexican Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo will draft a plan by early 2023 to attract companies from Asia to relocate in North America.

On her visit to Washington this week, her first since taking office in October, Buenrostro met with senior U.S. officials to discuss how to attract businesses from Asia, as well as other trade issues, such as boosting supply chains and the importance of energy, food and national security to economic development.

In a statement, the Mexican economy ministry said the two sides will jointly draft a presentation for the private sector about the economic and fiscal benefits offered by their countries.

Meanwhile, Buenrostro and U.S. Trade Representative Katherine Tai discussed ways of resolving an issue of concern to Americans with Mexico's energy policies.

Tai also stressed the importance of avoiding disruptions in U.S. corn exports to Mexico.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

30 ℃

Mostly Cloudy in Seletar

International Business

Section

South Korean exports fall 2.7% in first 20 days in January

SEOUL, South Korea: Korea Customs Service data released this week showed that South Korean exports for the first 20 days ...

Ireland had highest EU budget surplus in third quarter 2022

DUBLIN, Ireland: Ireland reported a higher budget surplus than any other country among the 27-member European Union for the third ...

As yearly output declines, experts say US manufacturing in recession

WASHINGTON D.C.: Based on a range of measurements, US manufacturing could have entered a recession in the fourth quarter of ...

US Wolfspeed to build $2.17 billion chip factory in Germany

FRANKFURT, Germany: German media has reported that American power chipmaker Wolfspeed Inc is planning to build a factory in Germany, ...

Japan employers agree with prime minister to raise wages

TOKYO, Japan: More than half of major Japanese companies are planning to raise wages this year, after Prime Minister Fumio ...

Taiwan Q4 GDP plunges to lowest in 13 years

TAIPEI, Taiwan: Highlighting its worst performance in 13 years, Taiwan's trade-dependent economy contracted in the fourth quarter, affected by declining ...

Construction

Section