This week, the San Antonio Chamber of Commerce submitted comments to the United States Trade Representative in response to plans to renegotiate the North America Free Trade Agreement (NAFTA).
As the seventh largest city in America, and with projections of continued growth over the next 20 years, San Antonio is a hub of growing industries like healthcare, biosciences, information technology, cybersecurity, energy and advanced manufacturing.
This community, like many across Texas, has benefited greatly from NAFTA. Texas leads the nation in worldwide exports by a wide margin. In 2016, Texas’s exports to other countries totaled $232 billion, including more than $90 billion to Mexico alone. Mexico is Texas’s most important market – accounting for 40 percent of the state’s exports in 2016, the most of any state.
As we look to the future, the uncertainty surrounding the upcoming renegotiation has had a chilling effect on growth and new investment throughout the region, putting our existing record of prosperity in doubt. For these reasons, the Chamber offered recommendations in several areas where NAFTA should be strengthened and modernized.
Areas of focus for our comments were in retail supply chains, energy, and the environment.
For additional information, please contact the Vice President of Economic Development Belinda Garza Hartwig at 210-229-2199 or email@example.com.