International companies account for 22% of US exports, according to the Global Business Alliance (GBA). In the United States, international companies directly employ 8.4 million US workers and offer compensation that is 7% higher than the US private sector average, accounting for 22% of US exports. International companies
The Japanese company Mabuchi Motor Company Limited Mabuchi Motor asked the USTR not to raise tariffs on Mexican auto parts in the United States during consultations on the six-year review of the USMCA. Anne Hoef, treasurer of Mabuchi Motor America Corp., stated this position at the public hearing
The results of the Podecobi (Economic Development Poles for Welfare) in Mexico will be seen in the next decade, projected Marcelo Ebrard, Secretary of Economy. “The idea, of course, is to be successful. You can’t create hubs and be successful in a year. It took China more than
The Business Roundtable (BRT) has called for reform of the spectrum fee structure in Mexico as part of the six-year review of the USMCA. The aim would be to bring this structure into line with international standards in order to lower fees. Additionally, the BRT proposed reestablishing an
Mexico contributes to automotive competitiveness in North America, according to the Mexican government and business sector. Sergio Gómez Lora, director general of the U.S. Representative Office of the Business Coordinating Council (CCE), stated that U.S. exports of auto parts to Mexico were eight times greater than U.S. exports
Witnesses at the hearing expressed their support for the USMCA and for preserving market access and non-discrimination in Canada and Mexico, said Amieson Greer, head of the White House Trade Representative (USTR). Greer presented a private oral report to U.S. congressional committees on December 16 and 17 and