FACT SHEET: 2022 U.S. – Mexico Excessive-Degree Financial Dialogue

September 13, 2022

U.S. President Joseph R. Biden and Mexican President Andrés Manuel López Obrador relaunched the U.S.-Mexico Excessive-Degree Financial Dialogue (HLED) in 2021 to advance shared strategic financial and industrial priorities.  The HLED supplies a platform for the USA and Mexico to leverage their robust financial integration to foster regional prosperity, increase job creation, promote funding in our folks, and cut back inequality and poverty.  Since 2021, HLED collaboration has targeted on 4 thematic pillars described within the highlights of the accomplishments beneath.  Between August 31, 2021 and September 12, 2022, the 2 governments hosted at the very least 21 stakeholder outreach engagements with civil society, the non-public sector, academia, and non-governmental organizations to tell these efforts.

PILLAR I: BUILDING BACK TOGETHER
The USA and Mexico are working to enhance the regional enterprise atmosphere, deploy superior applied sciences, strengthen the resilience of U.S.-Mexico provide chains, and promote lawful commerce and journey.

  • The USA and Mexico established a Provide Chain Working Group, with an preliminary concentrate on the U.S.-Mexico semiconductor and knowledge and communications know-how (ICT) provide chain ecosystems.  The Mexican Ministry of Economic system signed a Memorandum of Understanding with main know-how firms and producers to facilitate rising applied sciences and workforce improvement in Mexico. Mexico’s Ministry of Economic system hosted a discussion board on “Strengthening the Semiconductor and ICT provide Chains between Mexico and the USA” in Mexico Metropolis.  The Discussion board offered an summary of the business’s ecosystem and potential funding alternatives in North America.
  • In collaboration with the College of California, business representatives, and lecturers, Mexico’s Ministry of Overseas Relations established a Transport Electrification Working Group to assist the U.S. and Mexican automotive industries’ transition to the manufacturing of electrical autos.  
  • As a part of the 2022 Provide Chain Ministerial Discussion board organized by the USA, Mexico joined the collective aim of fifty% manufacturing of zero-emission autos by 2030.
  • Addressing longstanding wastewater points affecting Tijuana and San Diego, the Environmental Safety Company (EPA) and Mexican Nationwide Water Council (CONAGUA) signed an announcement of intent committing to take a position a mixed $474 million in precedence initiatives to tackle ocean and Tijuana River transboundary air pollution. 
  • The 2 governments dedicated to put money into border infrastructure and modernization initiatives by way of President Biden’s Bipartisan Infrastructure Regulation, which dedicates $3.4 billion for 26 main building and modernization initiatives at land ports of entry on each U.S. borders and Mexico’s dedication in the course of the July assembly of our presidents to take a position $1.5 billion in border infrastructure between 2022-2024.
  • The U.S. and Mexican governments convened state and municipal governments and personal sector and civil society organizations to advertise public-private cooperation to develop inexperienced areas and sustainable financial improvement zones to learn sister communities throughout our shared border. In assist of the World Methane Pledge, the Authorities of Mexico dedicated to develop an implementation plan to remove flaring and venting of methane in oil and gasoline operations.
  • The U.S. Company for Worldwide Growth (USAID), by way of the COVID-19 Medical Gadgets Regulatory Convergence Mission, labored with the Federal Fee for Safety Towards Sanitary Dangers (COFEPRIS) to align necessities with worldwide requirements for the importation and manufacturing of medical units.
  • In the course of the second assembly of the United States-Mexico-Canada Settlement Free Commerce Fee in July 2022, the USA and Mexico dedicated, along with Canada, to finish, by October, negotiations within the Competitiveness Committee on the institution of a sub-committee to cooperate throughout emergency conditions with a view to preserve, re-establish, or in any other case tackle points associated to the stream of commerce in North America, in addition to a working group underneath that Sub-Committee to coordinate on a shared understanding of important infrastructure priorities.
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PILLAR II: PROMOTING SUSTAINABLE ECONOMIC AND SOCIAL DEVELOPMENT IN SOUTHERN MEXICO AND CENTRAL AMERICA
The USA and Mexico are cooperating to enhance livelihoods by way of the creation of jobs and alternatives in northern Central America and southern Mexico.

  • USAID awarded a contract to assist Sembrando Oportunidades to improve U.S. and Mexican improvement companies’ coordination of agricultural and youth workforce improvement actions in northern Central America. 
  • USAID launched a brand new challenge, the Sustainable Affluent Communities Program in 4 southern Mexican states to enhance the livelihoods of 40,000 beneficiaries; the brand new Southern Mexico Producing Employment and Sustainability (SURGES) will mobilize funding, create jobs and enhance incomes in agricultural and eco-tourism worth chains in southern Mexico by way of 30 public-private partnerships.
  • U.S. Embassy Mexico Metropolis labored with the secretaries of Setting of Mexico’s seven southeastern states to create a regional conservation effort that may fund conservation initiatives to guard the Selva Maya area, the second largest tropical forest in Latin America and a important useful resource for eradicating carbon dioxide from the environment to mitigate the local weather disaster. 
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PILLAR III: SECURING THE TOOLS FOR FUTURE PROSPERITY
The USA and Mexico are working to assist regulatory compatibility and threat mitigation within the info and communication applied sciences, networks, cybersecurity, telecom, and infrastructure sectors.

  • In September, the Division of Commerce and Mexico’s Ministry of Economic system held a discussion board on “Finest practices from a private and non-private perspective on Cybersecurity” that targeted on using a risk-based method to cybersecurity threats and incidents, in addition to on sources developed by the USA’ Nationwide Institute of Requirements and Expertise (NIST).
  • Mexico introduced its intention to hitch the Asia Pacific Financial Cooperation discussion board’s World Cross-Border Privateness Guidelines Declaration, thereby becoming a member of efforts to promote interoperability and assist bridge completely different regulatory approaches to knowledge safety and privateness. 
  • A bilateral digital Discussion board on 5G and Past is scheduled to happen in October to emphasise the significance of shut cooperation between the USA and Mexico on 5G and ICT infrastructure deployment.

PILLAR IV: INVESTING IN OUR PEOPLE
The governments of the USA and Mexico are working to advertise initiatives that put money into entrepreneurs, small and medium-sized enterprises, and that improve entry to financial alternatives for ladies, youth, indigenous individuals, and members of the LGBTQI+ neighborhood.

  • The USA and Mexico are coordinating with Small Enterprise Growth Facilities (SBDCs) in southern Mexico to assist increase their networks.  The Financial Growth Administrators of the southern Mexico states launched a regional block of SBDCs to coordinate on creating and strengthening SMEs in southern Mexico.
  • Collectively, the U.S. Division of Labor and Mexico’s Campos de Esperanza are working to develop a social media marketing campaign to tackle gender points together with girls’s labor rights, sexual harassment within the office and gender violence.  The trouble helped set up 13 neighborhood facilities in Veracruz and Oaxaca to offer info on labor rights, sexual harassment within the office and ship life abilities coaching modules on Youth Inclusion and Empowerment.
  • Advancing girls’s entrepreneurship, for the third yr in a row, the Ministry of Economic system organized the digital e-business roundtable “MujerExportaMx” to teach women-led SMEs on U.S. export alternatives. The USA awarded the U.S.-Mexico Basis for Science (FUMEC) $38,000 to implement the 2022 Academy for Girls Entrepreneurs program, with over 800 Mexican girls from 14 Mexican states taking part so far.
  • The 2 governments are working to carry technical exchanges in precedence sectors to increase collaboration on apprenticeships, twin education schemes, and profession and technical schooling in precedence sectors.  The U.S. Division of Labor will host a digital technical trade on apprenticeships with Mexico’s Ministries of Economic system and Labor on October 24.  U.S. Embassy Mexico Metropolis labored with non-public sector companions to develop diploma programs in English for the IT, tourism, and the automotive sectors in 4 technical establishments in Queretaro, Yucatán, and Quintana Roo.  The U.S. Division of Training and Mexico’s Ministry of Public Training and Nationwide School of Skilled Technical Training dedicated to carry a primary digital technical dialogue on technical schooling, scheduled for October.
  • The U.S. Division of State authorised the inclusion of Mexico within the subsequent cohort of the Group School Administrator’s Program.  This skilled improvement program will increase individuals’ understanding of U.S. neighborhood faculties’ collaboration with enterprise and business to tackle native workforce wants.
  • The USA helped manage the primary of a collection of trilateral boards on workforce improvement in December 2021 in Dallas, TX and the Mexican Ministry of Economic system hosted the 2nd Trilateral Discussion board on Workforce Growth in North America on August 31-September 1.

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