U.S. Secretary of Commerce Penny Pritzker and U.S. Trade Representative Michael Froman will travel to Mexico City this week to co-chair the inaugural meeting of the U.S.-Mexico High Level Economic Dialogue on September 20.
President Obama announced the creation of the High Level Economic Dialogue during his May 2013 trip to Mexico. The High Level Economic Dialogue is a new mechanism that will serve to further strengthen our significant commercial and economic relationship with Mexico. It will be held annually, and be hosted by each government on a rotating basis.
"The U.S. strategic relationship with Mexico is one of our most important in the world," said Secretary Pritzker. "Not only do we share a 2,000 mile border, but our commercial relationship generates more than $500 billion in two-way trade and supports millions of jobs in both countries. The High Level Economic Dialogue is a new mechanism to enhance our cooperation on matters of importance to both of our economies."
"Mexico is an important U.S. partner in key international economic fora, from the NAFTA, WTO and OECD to our current joint efforts to negotiate in the Trans-Pacific Partnership and the Trade in Services Agreement," said Ambassador Froman. "Trade agreements and new job-creating export and investment opportunities go hand-in-hand. We look forward to expanding opportunities with Mexico on both sides of the border through this new, broad economic initiative."
Additional details on Secretary Pritzker and Ambassador Froman's travel are forthcoming.