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

Tue, 07 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.

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 Raleigh Times.

More Information

44 ℉

Mostly Cloudy in Raleigh/Durham

Business

Section

Fed fails to cool economy as US sees 517,000 jobs created in January

WASHINGTON D.C.: Despite the efforts of the Federal Reserve Bank to cool the job market to help curb record-high inflation, ...

Nasdaq Composite loses one percent as Treasury yields bit

NEW YORK, New York - A sharp rise in U.S. Treasury yields kept buyers at bay on Wall Street on ...

102,000 job firings in US high tech in December, according to report

WASHINGTON D.C.: A report released this week detailed how, in January, layoffs in the US reached a more than two-year ...

Settlement reached in long-running Airbus, Qatar Air legal dispute

PARIS, France: Following an 18 month controversy that exposed the workings of the global jet market, Airbus and Qatar Airways ...

At US urging, Japan to stop exporting chip technology to China

TOKYO, Japan: Japan is preparing to revise legislation to allow it to restrict the export of advanced semiconductor manufacturing equipment ...

Shell Oil reveals record $40 billion profit in 2022

LONDON, England: Energy giant Shell Oil has announced a record profit of nearly $40 billion in 2022, capping an eventful ...

North Carolina

Section

Monkeys stolen from Dallas Zoo found in abandoned home

DALLAS, Texas: The Dallas Police have announced that two emperor tamarin monkeys that disappeared earlier this week from the Dallas ...

US cancels over 1,800 flights due to ice storm

CHICAGO, Illinois: After an ice storm ravaged states from Texas to West Virginia, this week, airlines canceled over 1,800 flights ...

After Biden tapped US oil reserves, House passes bill to end such uses

WASHINGTON D.C.: The US House of Representatives has passed a bill that limits the ability of US Energy Secretary Jennifer ...

Turkey-Syria earthquakes: a seismologist explains what has happened

An extremely large earthquake has occurred in the southeast of Turkey, near the border with Syria. Data from seismometers which ...

Surging Pitt out for more against Louisville

Pitt will look to continue its ascent in the Atlantic Coast Conference on Tuesday night when it hosts struggling Louisville. ...

North Carolina in search of 'enthusiasm' vs. Wake Forest

While Wake Forest has pulled it together after a rough patch, North Carolina will try to reverse a trend after ...

Movie Review

Clear and Present Danger