President and CEO of the Greater Phoenix Economic Council (GPEC), Chris Camacho, joined Governor Doug Ducey in Mexico City for an important trade mission last week, with more than 40 business, university and government leaders – including GPEC board members Sharon Harper of The Plaza Companies, David Rousseau of SRP and University of Arizona President Dr. Ann Weaver Hart.
At $15.8 billion, bilateral trade (imports into Arizona and exports to Mexico) between Arizona and Mexico is larger than the state’s next six largest trading partners combined. And according to an April 2015 report from the U.S. Census Bureau, growth for total exports and manufacturing exports to Mexico is up 22.7 percent and 28.5 percent, respectively.
“Arizona and Mexico share more than an important border for global commerce, but are also connected by the rich historical, social and cultural ties,” said Camacho. “Governor Ducey’s leadership, and the work of David Farca, president of the Arizona Mexico Commission, has set a new tone and reinvigorated dialogue with Mexico City.”
The impact of Gov. Ducey’s trade mission, and the recent opening of the Trade & Investment Office in Mexico City, sends a strong message that Greater Phoenix and the state of Arizona is open for business with our neighbor to the south. With more than 370 miles of shared border, there is an unparalleled opportunity for both Arizona and Mexico to continue to increase trade.
Camacho also added, “The meetings this past week with government and business leaders will further enhance the economic prosperity for both sides of the border, and I am eager to continue the work being done to foster this growth.”