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NPI Releases New Report: Realizing the Full Value of Crossborder Trade With Mexico
Today the New Policy Institute’s 21st Century Border Initiative released a major new report researched by The North American Center For Transborder Studies (NACTS) at Arizona State University, “Realizing the Value of our Cross Border Trade with Mexico.”
NDN/NPI President Simon Rosenberg released the following statement on the release of the report:
“This compelling new report underscores what a vital economic partner Mexico has become for the people of the United States. We hope this work, and the work of our 21st Century Border Project, will help lead to a greater appreciation in the minds of many, of just how important the bi-lateral relationship is for the US today."
"That we trade more Mexico than we do with the UK, Germany and Japan combined, and almost as much as we do with China, will certainly be eye-opening to many.” We share a 2,000 mile border; our two largest states are adjacent to Mexico; more than a billion dollars a day of trade crosses our borders each day, and in the US, 10 percent of our population is of Mexican descent. "
"Our relationship with Mexico is like no other bi-lateral relationship in the world today, and certainly needs to be seen as one of our most vital, essential relationships in a changing, early 21st century geopolitical landscape. “
The full report can be read here.
The general public will have an opportunity to discuss the contents of the report with Simon Rosenberg, President of NDN/NPI, Rick Van Schoik, Director of NACTS and Erik Lee, Deputy Director of NACTS by going to the NDN/NPI channel at 3 pm EST today on the webcasting platform, Spreecast.
Among the key statistics presented in the report:
- Mexico has become the U.S.’s third-ranked commercial partner and the second most important market for U.S. exports; Mexico spent $163 billion on U.S. goods in 2010.
- U.S. sales to Mexico are larger than all U.S. exports to the BRIC countries (Brazil, Russia, India and China) combined, as well as all combined sales to Great Britain, France, Belgium and the Netherlands.
- Twenty-two states count Mexico as their No. 1 or No. 2 export market: Mexico is the largest export market to the two largest economies in the country in Texas and California. Other states that count Mexico as their largest export market are Arizona, New Mexico, and New Hampshire. It is the second largest export market for states such as Colorado, Illinois, Ohio, Michigan and Tennessee.
Remember to join us at 3pm EST Today for a Webcast. Anyone can join this live event by going to the NDN/NPI channel on the webcasting platform, Spreecast.
For more on NDN/NPI’s work in this area, visit our new website, www.21border.com, and its YouTube site, which features dozens of videos of leaders from the border region talking about the very real challenges and opportunities they face.