US, Mexico to improve business climate, boost supply chain resilience

Both sides committed to work with the private sector to identify locations with the right skillsets, infrastructure and industrial capabilities for greater investment in the semiconductor and information and communication technology ecosystem, a joint statement issued by the White House said.

Since relaunching the HLED a year ago, both the countries have furthered cooperation and commitment to our regional economic growth, integration, and longstanding strategic partnership.

Both sides reviewed accomplishments under the HLED and discussed new areas for collaboration, such as partnering to address climate change challenges to meet our commitments under the UN’s 2030 agenda and greening transportation at the border to improve air quality and public health.

They also discussed collaboration on electromobility, digital economy, workforce development and supply chain resilience.

Federal agencies on both sides are working with state and municipal governments, the private sector, and civil society organisations to develop green spaces and sustainable economic development zones to benefit sister communities across the shared border.

To promote sustainable economic development in southern Mexico and Central America, both the countries cooperate to improve the regional business environment and livelihoods through the creation of jobs and opportunities in El Salvador, Honduras, Guatemala and southern Mexico.

Fibre2Fashion News Desk (DS)