Despite Trade Tensions, Experts โขPredict Continued Growth in US-Mexico Border Trade
San Antonio, TX – โคDespite ongoing negotiations surrounding tariffs and border security, economic expertsโ remain optimistic about the future of trade and โbusiness betweenโ the United States and Mexico.This sentiment was on full display at the North American Development Bank’s (NADBank) annual summit, held โin San Antonio this week, bringing together government and businessโค leaders from bothโ sides ofโ the border.
Theโ summit focused on key areas including infrastructure development, sustainability initiatives, water management, and, crucially, the continued strengtheningโ of trade relationships. nadbank, established overโข 30 years ago alongside the signing โof NAFTA in San Antonio,โฃ plays a vital role inโ funding border infrastructure projects through loans and grants, fostering economicโฃ growth in both nations.
“The long-term logicโ and value is going to prevail,” stated John Beckham, Managing Director of NADBank, signaling confidence in the โขenduring economic ties despite โrecent political headwinds.
The event also โขhighlighted the importance ofโข regional cooperation, with San Antonio Mayor gina Ortiz jones subtly acknowledgingโ the current national โpolitical climate while emphasizing the need for robust infrastructure and โฃinternational partnerships. “Not to getโฃ political,” she remarked, “I’m thankful for the โinfrastructure that we are building, literally and figuratively through your work,โฃ to โคensure that once we getโ on the other side of this,โฃ we are in fact able to rebound quickly.”
Sanโ Antonio: A Key Tradeโฃ Hub
For San Antonio, trade with Mexico is a important economic driver.โ Sarah Carabias Rush, CEO of Greater:SATX, underscored this point, stating, “Ourโค regional economy is poweredโ by our ties with Mexico. The โขflow of goods through I-35 โคand Port Laredo supports thousands of jobs.”
The impact extends โbeyond transportation and warehousing, with San Antonio also emerging as a prominent advanced manufacturing center. Events like the NADBank summit are crucial โคfor maintaining these vital connections and fosteringโค continued collaboration.
While uncertainty surrounding tariffs persists, the prevailing message from โคthe โขsummit was clear: the economic benefits of cross-border trade are too considerable to be derailed, and both the US and Mexico stand to gain from continued investment and cooperation.
[Image of San Antonio Mayor Gina Ortiz Jones and NADBank Managing Director John Beckham with caption: San Antonio Mayor Gina Ortiz Jones poses for a photo with NADBank Managing Director John Beckham.Credit: Amber Esparza / San Antonio Report]
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