News Summary
The Texas Association of Business has initiated the Texas Leads Trade coalition (TLT) to enhance trade relations with Mexico and Canada. They aim to defend the USMCA agreement, fight against tariffs, encourage infrastructure investment, and support Texas’ status as the top exporting state in the U.S. With significant trade figures and job creation linked to exports, TLT focuses on fostering innovation and growth-driven agreements while addressing challenges such as illegal migration and narcotics trafficking.
Big Moves for Texas Trade: The Launch of Texas Leads Trade Coalition
In the heart of Texas, exciting news is brewing! The Texas Association of Business has just introduced a fantastic new initiative known as Texas Leads Trade, or TLT for short. This coalition’s main goal? To boost the state’s economic landscape by enhancing trade relations with our neighbors, Mexico and Canada, all while making the most of the United States-Mexico-Canada Agreement (USMCA) which is gearing up for review in 2026.
Why USMCA Matters
Now, you might be wondering what all the fuss is about the USMCA. Well, it’s widely regarded as one of the best trade agreements the U.S. has signed! TLT is committed to defending and strengthening this vital agreement, ensuring Texas continues to shine in international trade.
No More Tariffs, Please!
Let’s talk about tariffs for a moment—everyone’s favorite (not!) subject. TLT has set its sights on advocating against these trade hurdles that put a wrench in our transactions with Mexico and Canada. But that’s not all, folks! This coalition also has big plans to push for more investments in crucial infrastructure at border bridges, making it a breeze to conduct business across our border.
Texas: The Exporting Powerhouse
On the exports front, Texas is a true champion! For an impressive 22 years, Texas has held the title of the nation’s top exporting state. Just think about it! In 2023, Texas exports skyrocketed to more than $444.6 billion, which accounts for nearly 22% of all U.S. exports! Mexico remains our star trading partner with trade figures reaching a stellar $272.3 billion this year, while Canada is not too far behind.
The Dynamic Texas-Mexico Border
Speaking of Mexico, our shared border is known as the busiest trade gateway in North America. Yes, you read that right! It handles an astonishing 68% of trade between the U.S. and Mexico, translating to about $24 million in trade every hour! That’s a lively exchange worthy of a front-row seat!
Creating Jobs and Driving the Economy
When we talk about exports, we’re not just tossing around numbers. These figures translate into real jobs! In 2021 alone, Texas exports helped support around 1 million jobs in various sectors. And did you know that Texas ports of entry managed almost $740 billion in international trade back in 2018? That illustrates just how pivotal Texas is in the global trade arena.
Guiding Principles of the Coalition
At the core of TLT are its focused guiding principles. The coalition is dedicated to defending Texas as a global trade leader, opposing anti-growth policies, investing in securing border infrastructure, and promoting trade agreements that drive growth. Members will uphold a strong Commitment to Action, aimed at not only protecting Texas’ trade standing but also nurturing innovation, modernizing trade infrastructure, and fostering strong relationships with our trading partners.
Looking Forward: The Future of Texas Trade
The economic horizon in Texas is currently shining brightly, thanks in part to robust trade ties with Mexico and Canada. With nearshoring trends picking up steam, the demand for goods and parts flowing between Texas and Mexico is on the rise. This puts the spotlight on the need for infrastructure investments to accommodate the anticipated surge in activity.
In this thriving environment, TLT plans to work hand in hand with various chambers of commerce, trade associations, and thought leaders. The ultimate goal? To amplify the benefits of trilateral trade and keep tariff-free trading conditions alive and well, which are essential for bolstering economic prosperity. And while tackling trade issues, the coalition is also mindful of addressing challenges such as illegal migration and fentanyl trafficking.
In Conclusion
As Texas steps boldly into this new era with the Texas Leads Trade coalition, there’s a palpable excitement in the air about cementing its status as a regional trade powerhouse. Based on the impressive numbers, it’s safe to say that the future of trade in the Lone Star State is looking brighter than ever!
Deeper Dive: News & Info About This Topic
- Rio Grande Guardian: Interview with Glenn Hamer
- KTRE: East Texas Counties Apply for Trade Zone Designation
- Visual Capitalist: Trade Between U.S. States and Mexico
- Texas Border Business: Secretary Nelson Leads Trade Meeting
- Bisnow: Impact of Trump Tariffs on Texas Metros
