Wednesday, Nov 30th, -0001
According to the document "Working Together - Economic Ties Between the United States and Mexico" by Christopher E. Wilson from the Mexico Institute, Woodrow Wilson International Center for Scholars, the integration of the United States and Mexican economies has transformed the countries relationship from one of competition to partnership.
Citing Wilson, "U.S. jobs, competitiveness and economic growth have all benefited from the nation’s relationship with Mexico. As the second largest destination for U.S. exports and third largest source of imports, six million U.S. jobs depend on trade with Mexico.
That means one in every twenty-four workers in the U.S. depend on U.S.-Mexico trade for their employment. Beyond the $393 billion in bilateral merchandise trade each year is another $35 billion in services trade and an accumulated total of $103 billion in foreign direct investment holdings".
The Impact of the FEMAP Capital Campaign on our Bi-National Region:
1.Helping Mexico helps the United States; Helping Ciudad Juarez is Helping El Paso and Southern New Mexico.
2.Mexico is the second largest destiny of U.S. exports.
3.Mexico is the principal market destiny of the exports of California, Arizona, New Mexico, Texas and New Hampshire.
4.Mexico is the second most important market destiny for 17 states in the U.S.
5.40% of Mexico’s total USA exports were produced in the U.S..
6. Six million jobs in the United States depend on U.S./Mexico trade.
7.One in every 24 U.S active workers depends on the Mexico-U.S. commerce.
8.United States created 144,000 new jobs as a result of Mexico’s economic growth.
9.In 2010, exports from Texas to Mexico of merchandise and products was worth 73 billion dollars.
10.A total of 463,132 Texas jobs depend on the commerce with Mexico.
11.In 2009, merchandise and products worth 5.8 billion dollars were exported by El Paso, Texas to Mexico. This amount represents 75% of the total Texas exports for that year.
12.People from Juarez and the State of Chihuahua spend between 3.5 and 5 billon dollars in El Paso every year.
Source: Suarez Toriello José Enrique, Ciudad Juárez, Chihuahua y el Perfil de la Frontera Norte de México 2010. Publicaciones FEMAP, 2011