U.S. Secretary of State Rina Raimondo said U.S. and Mexico’s governments have created economic conditions to spur a wave of economic growth, uplift their people and develop high-skilled work forces.
She made her remarks at the U.S.-Mexico High-Level Economic Dialogue (HLED), according to a Sept. 12 Commerce Department news release.
“One year ago, our governments restarted the HLED to reengage in a positive economic and commercial dialogue to advance our shared priorities,” Raimondo said in the release. “Our goal is to make it easier for our countries to trade, invest and innovate.”
The signing of the CHIPS and Science Act into law by President Joe Biden will supercharge the semiconductor industry in the U.S., according to the release. That will reportedly create major opportunities for Mexico and give the two countries a chance to build a robust semiconductor ecosystem on both sides of the border.
"Through our four pillars, our governments have established a broad vision and framework for our economic partnership," Raimondo said in the release. "Together, we’ve moved forward on key priorities including supply chains, information and communications technology and cybersecurity and workforce development."
Stakeholder engagement with the HLED and the commitment by the U.S. are important, Raimondo said in the release. A critical need for HLED to remain relevant and deliver results will be having the private sector and civil society provide their input as stakeholders.
“I hope we can continue to deepen our commitment to stakeholder engagement in the year ahead,” she said in the release. “I’m looking forward to working with my HLED co-chairs as we discuss our priorities under the four pillars."
