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

Sat, 04 Feb 2023

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.

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