✅ U.S.-Mexico Economic Council (USMXECO) Board of Directors 2024 Meeting Recap: We were thrilled to welcome business leaders to the U.S. Chamber of Commerce earlier this week for our U.S.-Mexico Economic Council's Board of Directors (BOD) Meeting. Set in the Chamber's Great Hall, the convening underscored the importance of the U.S.-Mexico commercial relationship and the commitment of CEOs and other executives to bolster trade and investment to Mexico and ensure North America's prosperity. As companies seek to make supply chains more resilient, the BOD defined 3 fundamental steps to capitalize on the pontential of the nearshoring effect. The “Three Cs”: • CERTAINTY: A rational, coherent, bilateral policy framework, with a sense of what we are striving to accomplish; • CLARITY: An efficient path to obtaining necessary permits, with clear timelines so that investors can appropriately evaluate risk and set expectations; and • COORDINATION: A commitment to work efficiently and expeditiously to support projects of mutual interest – and to position North America as a region of excellence for global markets. The discussion demonstrated the business community's dedication to solutions that aim to ensure that Mexico remains an attractive destination for investment. In line with this objective, the U.S.-Mexico Economic Council (USMXECO) will continue to work through its six working groups on Trade Facilitation, Trade Policy, Investment, Services, Energy and Health to drive forward policy recommendations that will bolster two-way trade and grow strategic supply chains on both sides of our shared border. We thank our working group chairs and board members for their contributions, and, in particular, we would like to recognize the leadership of our Chair and Vice Chair, Sarah Bairstow and Pat D'Eramo. Special thanks as well to IFC - International Finance Corporation of Mexico for their participation in providing an outlook on nearshoring, its challenges and opportunities. Thanks again to the leadership team of the Council for making this happen!
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