Mexico. At the beginning of last month, the general director of the National Association of Manufacturers of Paints and Inks (Anafapyt), Flor de María González Mariblanca, met with directors of the American Society of Mexico (AmSoc).
In this meeting, in which the Deputy Assistant Secretary of the US Department of the Treasury, Brent Neiman, participated together with Larry Rubin, president of AmSoc, the issue of attracting financing and technology from the US was addressed, with the aim of boosting exports in the paints and coatings industry.
This is reflected in the Coatings World portal, which highlights the words of Flor de María González in this regard: "It is necessary that (American) companies have more suppliers."
Flor de María also highlighted the importance of facilitating the legal and fiscal framework for companies that want to invest in Mexico.
The meeting followed an AmSoc memorandum of understanding (MOU) with the Texas Business Association (TAB), with the goal of "combining efforts that support companies seeking to do business on both sides of the border," AmSoc said in a statement.
TAB Executive Director Glenn Hamer said, "As Texas' primary trading partner, our relationship with Mexico is critical to the overall economic health of the state. Trade with Mexico supports approximately half of Texas' international trade-related jobs. Trade between Texas and Mexico amounted to $231 billion during 2021."
While state-to-state and organization-to-organization meetings by counterparts on both sides of the border have been on the rise with the advent of nearshoring, there is a strong bilateral framework at the federal level: the U.S.-Mexico-Canada Agreement, ratified in 2020.
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