International Trade Daily™ provides rapid, reliable notification of the most significant developments affecting U.S. trade and international business policy, as well as the policies of major U.S....
July 22 — President Barack Obama and Mexico's President Enrique Pena Nieto outlined a series of trade and commerce efforts, including pushing for approval of the trans-Pacific pact, they said would further cement cooperation between the trading partners.
The two presidents highlighted cooperative efforts and the need for global integration, rejecting calls from some to build a wall to slow immigration from Mexico to the U.S.
They also agreed to make permanent a forum for cabinet-level discussions on economic competitiveness, trade and commerce; implement the bilateral Air Transport Agreement; continue work on sharing border crossing information to assist travelers; beef up border crossing infrastructure projects; and reduce black carbon emissions.
Provisions in the trans-Pacific trade agreement would make an already “extraordinarily strong” U.S. economic relationship with Mexico even stronger, Obama said.
Obama spoke July 22 at a joint news conference with Nieto, who said through an interpreter, that the pending TPP provides an opportunity to update the 1993 North American Free Trade Agreement after member countries have had more than 20 years of experience with NAFTA.
“One of the values of TPP is that we've learned from our experiences in NAFTA what's worked, what hasn't, where we can strengthen it,” Obama said. A number of TPP provisions address criticisms of NAFTA, Obama said.
Both countries are working to ratify TPP “as soon as possible,” according to a White House fact sheet.
The meeting comes one day after the conclusion of the Republican convention, where Republican nominee Donald Trump reiterated his pledge to build a great border wall to stop illegal immigration. Trump has also called for the U.S. to exit NAFTA and to abandon any plans to ratify the trans-Pacific pact. Both Trump and Hillary Clinton, the presumptive Democratic nominee, have opposed TPP as currently written.
Globalization is a fact that “we're not going to be able to build a wall around,” Obama told reporters. Instead, what can be done is to shape how global integration proceeds “so that it's increasing opportunity for ordinary people,” he said.
The leaders agreed to make permanent the U.S.-Mexico High Level Economic Dialogue—a forum for cabinet-level discussions aimed at boosting economic competitiveness and improving trade and commerce between the two countries. “Through forums like our high-level economic dialogue, we're going to keep working to boost trade and grow our economies and create more opportunity for our people,” Obama said.
The leaders also agreed to implement the bilateral Air Transport Agreement, which will benefit U.S. and Mexican airlines, travelers, businesses, airports and communities by increasing opportunities for passenger and cargo flights between the two countries, the White House said.
The U.S. and Mexico are working on a pilot program to share border crossing information so that a traveler’s entry into one country will be recorded as an exit from the other. Both countries will work on improving pilot programs for cargo pre-inspection at the Laredo International Airport in Laredo, Texas, and the Mexican customs facilities at Mesa de Otay, Baja California. By spring 2017, a third pilot program will be launched in San Jeronimo, Chihuahua, according to the fact sheet. Pena Nieto said such inspection programs reduce costs up to 50 percent.
The two countries also committed to using data-driven processes to prioritize border crossing infrastructure projects. Each country plans to develop reference guides identifying options to finance ports of entry on each side of the border. These efforts will improve border infrastructure processes, according to the White House fact sheet.
Obama and Pena Nieto last met June 29 at a summit hosted by Canadian Prime Minister Justin Trudeau in Canada (126 ITD, 6/30/16).
Building on climate commitments made at the summit, Obama and Pena Nieto agreed to discuss strategies and actions to reduce black carbon emission and other short-lived climate pollutants. The first meeting of the U.S.-Mexico Energy Business Council will take place in the fall of 2016. Before February 2017, the governments will also host a clean energy investment roundtable or trade mission, according to the fact sheet.
Obama said the countries would continue working toward the goal announced in Ottawa of generating half the electricity in North America through clean power by 2025.
To contact the reporter on this story: Rossella Brevetti in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Jerome Ashton at email@example.com
The White House fact sheet is available at https://www.whitehouse.gov/the-press-office/2016/07/22/fact-sheet-united-states-mexico-relations.
Copyright © 2016 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)