US-MEXICO BORDER: HOW CAN GREATER EFFICIENCIES ENHANCE ECONOMIC POTENTIAL? - The US-Mexico border – and efficient, but secure commercial and non-commercial traffic – brings economic opportunities to border communities but also nationwide. With supply chain reconfigurations, greater efficiencies at our shared border will increasingly be vital for US and Mexican economic interests. Already, approximately one in every 29 jobs in the United States depend on trade with Mexico, while the more than one million jobs in Mexico’s automotive industry depend on exports to the United States.
But what is the untapped economic potential of the border? And how do economic improvements also enhance security? This event launched an economic impact study – with data never before presented – that shows the economic implications of just a 10-minute reduction in border wait times. This Adrienne Arsht Latin America Center project comes following consultations and analytical work throughout 2022 in collaboration with the University of Texas and El Colegio de la Frontera Norte and in partnership with the US Department of State.
ORIGINAL AIRDATE: 9/27/22