U.S. Secretary of Commerce Penny Pritzker officially began her five-day trade mission to Mexico today, starting the trip in Mexico City. She is joined by representatives from 17 U.S. companies looking to expand partnerships and develop effective strategies for accessing and doing business in the Mexican market.
The focus of this trade mission is to promote U.S. exports to Mexico by helping export-ready U.S. companies launch or increase their business in a number of key industry sectors including advanced manufacturing, information and communications technology, and health IT and medical devices. The companies joining the Secretary address the demand of these growing industries in Mexico.
“The 17 companies who have joined me on this important mission represent the best of American business. These outstanding and innovative companies understand that selling American products overseas is a crucial component to growing and creating jobs,” U.S. Secretary of Commerce Penny Pritzker said. “I am delighted we can help these companies expand their presence in Mexico through this business development mission.”
The U.S.-Mexico bilateral relationship is among the United States’ closest and most extensive in the world and one of the reasons it was selected by Secretary Pritzker as the destination for her first trade mission. Mexico is the United States’ third-largest trading partner, and approximately $1.3 billion of merchandise trade and one million people cross the 2,000 mile shared border daily. In addition, deeply integrated supply chains in North America and an established free trade agreement make it easy for Mexico and the U.S. to do business with one another.
The Department of Commerce recognizes that there is incredible potential for both countries to deepen their economic relationship and for U.S. and Mexican companies to do business together. With common values and shared aspirations for prosperity, it is a crucial relationship for both nations, and with Canada’s involvement, it can help make the North American platform the most competitive in the world.
During her trade mission to Mexico, the Secretary will meet with U.S. Ambassador to Mexico Tony Wayne, Secretary of Finance Luis Videgaray, Secretary of Economy Ildefonso Guajardo Villarreal, Secretary of Communications and Transportation Gerardo Ruis Esparza, Minister of Health Mercedes Juan Lopez, state and city government officials, and CEOs of Mexican and U.S. companies.
Additional details about the Secretary’s mission to Mexico City and Monterrey will be announced in the coming days.