Council for International Trade - Trade Update California Chamber of Commerce Council for International Trade - Trade Update Newsletter

 

Tuesday, May 3, 2022

Featured Headlines

CalChamber-Hosted Mexico Advocacy Day Lunch
Focuses on Future of Bilateral Relationship

CalChamber, May 3, 2022

Earlier today, the California Chamber of Commerce hosted a luncheon for the 13th Annual California Mexico Advocacy Day in conjunction with the Consulate General of Mexico in Sacramento.

(From left to right:) Ambassador Liliana Ferrer, Consul General of Mexico in Sacramento; Ms. Jennifer Barrera, President & CEO, CalChamber; Ms. Cristina Planter, Director General of North American Affairs, Mexican Ministry of Foreign Affairs; and Mr. Richard Kiy, President & CEO, Institute of the Americas.

The luncheon focused on the future of the bilateral relationship between California and Mexico as the bilateral partners emerge from the global COVID-19 pandemic. The California-Mexico relationship has remained strong, as Mexico continued to be California’s No. 1 export market in 2021.

CalChamber President and CEO Jennifer Barrera welcomed attendees to the luncheon, then turned the podium over to Ambassador Liliana Ferrer, Consul General of Mexico in Sacramento, who spoke about the importance of the bilateral relationship and the long-standing friendship between California and Mexico.

Ambassador Ferrer and speaker Cristina Planter Riebeling, director general of North American affairs with the Mexican Ministry of Foreign Affairs, highlighted the importance of the U.S.-Mexico-Canada Agreement (USMCA) to the economies and relationship between both the U.S. and Mexico, and California and Mexico.

Ambassador Ferrer noted that key provisions of the USMCA relate to the digital economy, intellectual property, regulatory and technical barriers, customs, agriculture and regional supply chains. Cooperation in these strategic areas and others, along with California’s competitive advantages, will enable bilateral trade between Mexico and California to continue growing, the Ambassador said.

Planter pointed out that with the North American Free Trade Agreement (NAFTA) and now the USMCA, the U.S., Mexico and Canada have been finding ways to promote economic growth. It is noteworthy that the estimated regional gross domestic product (GDP) is around $23.6 million, and has contributed to raising the standards of living of the 493 million people living in the three nations, she said.

During the COVID 19 pandemic, the strong ties between the three countries and the depth of their integration were demonstrated, as well as the will to chart a new path for the region, Planter commented.

The upcoming North American Leaders Summit, she said, represents a new stage for the relationship between the USMCA nations. From Mexico’s perspective, she explained, the summit meetings are key not only to advance in the construction of a North American vision in a post-pandemic context, but also to make commitments on priority issues for the governments.

She thanked California for sharing common principles and for being a partner in advancing projects to benefit the region.

The third speaker was Richard Kiy, president and CEO of the Institute of the Americas. He too emphasized the shared interdependence of California and Mexico.

But the relationship goes beyond trade and commerce, Kiy said, noting there are so many issues today that require bilateral cooperation.

He pointed out that the San Diego-Baja region is one of the most dynamic border regions with more than 120,000 passenger vehicles and 63,000 pedestrians crossing the border daily.

Many San Diegans today live in Tijuana because they can’t afford to buy a house in San Diego, Kiy said. Citing a newspaper headline reporting the median price of a house in San Diego exceeding $1 million, Kiy said the reality for San Diego businesses to be able to be competitive, Tijuana provides an important outlet for affordable housing.

Kiy said more should be done to take advantage of the close proximity of Mexico and California. Going forward, he said, companies are going to have to really rethink their site relocation decisions. Given the supply chain disruptions faced by many California companies with operations in China, some are looking to bring back facilities closer to home.

Export Statistics

Mexico purchased 15.5% of all California exports in 2021. California exports to Mexico amounted to $27.23 billion in 2021, an increase of 13.22% from 2020. Computers and electronic products remained California’s largest exports, accounting for 17.9% of all California exports to Mexico.

In 2021, California was the second largest exporting state to Mexico and the state with the largest amount of imported goods from Mexico; imports totaled $57.66 billion. Mexico is the 13th largest source of foreign direct investment (FDI) through foreign-owned enterprises (FOEs) in California. In 2020, Mexican FOEs in California provided 13,400 jobs through 472 firms amounting to $1.256 billion in wages.

usa_mexico_ca_flags
 

Secretary Antony J. Blinken and Mexican Foreign Secretary Marcelo Ebrard Before Their Meeting
U.S. Department of State, May 3, 2022

Readout of President Biden’s call with President Andrés Manuel López Obrador of Mexico
White House, April 29, 2022

 

Share Trade Update:
Facebook  Twitter  LinkedIn  Addthis


CalChamber Policy Briefings

2022 Issues Guide
2022 CalChamber Issues Guide

CalChamber Alert Newsletter

California Works
You can view the entire
Trade Update
on our website.

Export Award Lopo
President's Export Award Recipient

Visit CalChamber.com/International for export/import information, trade stats, trade policy, FAQs and more.
 

Upcoming Events:

Upcoming U.S. Commercial Service Webinars
November 2021 to Spring 2022

2022 Taiwan Trade Shows
January 2022 – October 2022


2022 World Trade Week Southern California: Global Trade: Reconnecting the World
05/05/2022

Future Sort
Future Sport Israel: Discovering Game Changing Technology
05/30/2022 - 06/01/2022

Trade Mission to South America
5/15/2022 - 5/20/2022

EXIM & SBA Finance Programs for Export Success
05/18/22

dec
2022 NADEC Annual Export Conference

05/19/2022 – 05/20/2022


Federal Maritime Commission – Maritime Transportation Data Summit
06/01/2022

Enlit Africa Event
Enlit Africa

6/7/2022 - 6/9/2022

Concrete Show South East Asia 2022
09/14/2022 - 09/17/2022


 

California Coalition
for Free Trade

A broad-based group of companies and business organizations working to secure a national free trade agenda.

Join or Learn More
 

Resources:

California Congressional
Delegation Pictorial Roster

California Congressional
Committee Assignments

California Legislative Pictorial Roster

International Job Positions

Trade Promotion Opportunities


World Trade Organization

PODCAST: The Trade Guys, Center for Strategic and International Studies 

PODCAST: Global Translations, Politico

Federal Government:

The White House

Agency Review Teams


The U.S. Senate

The U.S. House of Representatives

U.S. State Department


Tracker: Current U.S. Ambassadors

U.S. Department of Commerce

U.S. Trade Representative

U.S. Small Business Administration

Export-Import Bank of the U.S.

State Government:

Governor

Lieutenant Governor

California State Senate

California State Assembly


California Department of Finance


California Office of the Small Business Advocate (CalOSBA)

 

GO-Biz Monthly International Trade Newsletter

california-business-portal

ca step

bizfile california

VisitCalifornia

Free eNewsletters

Receive free eNewsletters to help keep you up to date on the laws affecting you and your business. To subscribe to any of the newsletters, visit this link.

Connect with CalChamber

twitter.com/calchamber   facebook.com/calchamber   LinkedIn   youtube.com/calchamber   CalChamber RSS Feeds

The Workplace a Podcast by CalChamber

Capitol Insider

HRCalifornia

CalChamber Store


Susanne Stirling, Vice President International Affairs

Nikki Ellis, International Affairs Specialist

 

Note: This email is being sent to members of the CalChamber Council for International Trade; CalChamber members with international interests; local, binational and American chambers of commerce abroad; the consular corps; California congressional delegation, selected U.S. and California government officials; and representatives of business and trade associations.

In addition, a National edition is available for distribution.

If you would like to be added to the subscriber list for this free e-newsletter, please click here.

To unsubscribe from Trade Update,
please email us.

1215 K Street, Suite 1400
Sacramento, CA 95814
916 444 6670
www.calchamber.com/international international@calchamber.com