Brown Strikes Agreement With Mexico to Expand TradeMichael B. Marois
California Governor Jerry Brown signed an agreement with Mexico to boost commerce between Latin America’s second-largest economy and the most populous U.S. state. That trade already exceeds $60.1 billion.
The nonbinding memorandum of understanding calls for a working group of Mexican and California officials to exchange information on investment projects; organize joint promotions; provide information to companies that could foster trade; and organize cooperation among universities, research centers and technology hubs.
Brown, a 76-year-old Democrat, today ends a three-day trip to Mexico with a delegation of state lawmakers, senior administration officials and almost 90 business leaders. Mexico, which shares a 136-mile border with California, is the state’s largest export market, purchasing 14 percent of California exports, according to the state’s Chamber of Commerce.
Brown and Mexico’s secretary of energy, Pedro Joaquin Coldwell, yesterday signed a pact to advance cross-border investment in renewable energy, biofuels and other clean energy technologies.