At US-Mexico CEO summit, leaders optimistic amid uncertainty

MERIDA, Mexico — Business and political leaders from the U.S. and Mexico gathered Friday to promote greater trade at a time when actions by both governments have rattled investors, expressing optimism despite times of uncertainty and tensions over the border and illegal immigration.

Investment in Mexico has been cool pending passage of the new U.S.-Mexico-Canada trade agreement that is meant to update NAFTA, and due to other concerns for the global economy, and attendees saw ratification as a solution to that.

Thomas Donohue, president and CEO of the U.S. Chamber of Commerce, stressed the valuable U.S.-Mexico relationship, noting that every day the countries do more than $1.7 billion in trade and some 500,000 people cross their shared border legally for work, school, or tourism.

“That’s why we have fought vigorously for the successful completion of the USMCA,” Donohue said, “and we’re going to keep up that fight until the deal is ratified and implemented.” He also called for Washington to lift steel and aluminum tariffs against Mexico and Canada before Congress considers the trade deal.

In remarks to assembled executives and political leaders, Donohue issued a pointed rejection of President Donald Trump’s recent threats to close the United States’ southern border and warnings to immigrants not to come because “our country is full.”

“America has the lowest level of unemployment in 65 years. Simply stated, we’re out of people,” Donohue said, adding that the business community was leading efforts to expand the U.S. labour pool and toward passage of “an effective immigration bill as soon as possible.”

That message resonated well with the Mexican audience.

“We just heard that the United States has money and lacks people. We lack money and have people to spare,” said Carlos Salazar Lomelín, president of Mexico’s Coordinating Business Council. “There’s no … more clear reason to be allies.”

Donohue’s and Salazar’s organizations signed a co-operation agreement at the end of the meeting. Also Friday, Mexico’s lower house of Congress approved a labour reform aimed at ensuring workers can freely vote for their union representation and contracts, a change needed to win approval of the USMCA.

Just Posted

Optimism remains for Red Deer hospital expansion

Red Deer’s incoming UCP MLAs both have been strong supporters of expansion

Sport of axe throwing growing in Red Deer

True North Axe Throwing wants sport to be ‘Canadian version of darts’

RDC cancels championship-winning golf program due to tight finances

Short season, small number of student golfers were also considerations

Fire investigators comb through industrial fire wreckage looking for answers

Industrial building in north Red Deer was completely gutted in Wednesday morning fire

WATCH: An ‘Eggstemely Fun Easter’ at Bower Place in Red Deer

Bower Place mall made sure Red Deer families were able to have… Continue reading

Dozens hurt in collapse of deck during wedding celebration in Langley, B.C.

LANGLEY, B.C. — Police say dozens of people were injured, some critically,… Continue reading

No winning ticket for Friday night’s $25 million Lotto Max jackpot

TORONTO — No winning ticket was sold for the $25.5 million jackpot… Continue reading

Uber driver charged in two sexual assault investigations: Toronto police

Toronto police say an Uber driver is facing sexual assault charges in… Continue reading

PEI Green party candidate Josh Underhay and son killed in canoeing accident

CHARLOTTETOWN — With only a few days before voters were to go… Continue reading

Egyptians vote on changes that would extend el-Sissi’s rule

CAIRO — Egyptians cast their ballots Saturday on the first of three… Continue reading

Ex-Marine arrested in North Korea embassy attack in Madrid

WASHINGTON — A man suspected of involvement in a mysterious dissident group’s… Continue reading

New bout of heavy fighting in Yemen kills dozens

SANAA, Yemen — Yemeni officials say heavy fighting in Yemen’s southern Dhale… Continue reading

Most Read