US President Biden and the President of Mexico, Andrés Manuel López Obrador, have relaunched the US-Mexico High Level Economic Dialogue (HLED) in 2021, which includes four key pillars expected to improve jobs, investment and increase supply chain resilience for all industries, including apparel estimated to be worth $17.33 billion by 2022.
In a statement, the White House said: “The HLED provides a platform for the United States and Mexico to leverage their strong economic integration to promote regional prosperity, increase job creation, promote investment in our people, and reduce inequality and poverty.” Reduce.”
It continued: “Between August 31, 2021 and September 12, 2022, the two governments organized at least 21 stakeholder engagements involving civil society, the private sector, academia and non-governmental organizations to inform these efforts.”
The four main pillars to be addressed are:
- Rebuilding together
- Promoting sustainable economic and social development in South Mexico and Central America
- Securing the tools for future prosperity
- Investing in our people
Rebuilding Together focuses on improving the regional business environment, deploying advanced technologies, strengthening the resilience of US-Mexico supply chains, and promoting legal trade and travel.