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U.S., Mexico Launch High Level Economic Dialogue

Tuesday, September 24, 2013
Sandler, Travis & Rosenberg Trade Report

The U.S. and Mexico launched Sept. 20 in Mexico City a bilateral High Level Economic Dialogue, which aims to advance strategic economic and commercial priorities central to promoting mutual economic growth, job creation and global competitiveness. “This global economy is changing fast and we need to keep up,” said Vice President Joe Biden in remarks announcing the HLED. “NAFTA … was 20 years ago,” and “the 21st century demands even higher standards to meet the full potential of world trade.” The State Department adds that the HLED reflects an understanding that maintaining the global competitiveness of both the U.S. and Mexico will require “continued and deepened economic integration, commercial exchange, and policy alignment.”

According to information from the U.S. government, the HLED will meet annually at the Cabinet level and include members of both the public and private sectors. Areas of focus, which may be delegated to subcommittees, will include the following.

Promoting competitiveness and connectivity: improving transportation and telecommunications links and networks, including border infrastructure

Fostering economic growth, productivity, entrepreneurship and innovation: joint efforts to attract foreign direct investment, improving manufacturing within integrated supply chains, economic development on the border and a comprehensive economic development strategy, making effective use of the North American Development Bank, and partnership on advanced manufacturing, entrepreneurship and workforce development

Partnering for regional and global leadership – partnering to promote development in Central America, regional trade priorities, and transparency and anti-corruption

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