The Evolving U.S.- Mexico Corridor
On September 28, the Great Lakes Chapter of the U.S.-Mexico Chamber of Commerce hosted a forum featuring experts from Citibanamex, Citi Commercial Bank and the U.S.-Mexico Chamber of Commerce who shared their knowledge about the ever-changing cross-border landscape and how it impacts companies.
The meeting, sponsored by Citibanamex, was held at the century-old Detroit Athletic Club located in the heart of Detroit’s entertainment district, presented an opportunity for members to network with other international business managers operating in the area.
The attendees represented a diverse group of manufacturing companies, service providers and technology companies as well as the banking community through Citibanamex.
The United States and Mexico have a history of building strong trade relationships. As the outlook continues to evolve, companies are examining the opportunities and challenges that may present themselves through this economic corridor. This is especially true in the automotive industry as the OEMs (original equipment manufacturers) have asked their supply base to be more present in Mexico. Because of this, Michigan has strong business ties across the U.S.-Mexico border.
Opening remarks were made by John McGuire, one of the lead commercial bankers at Citibanamex. Following McGuire was Chapter president Jeff Jorge, a principal and international services practice leader with Baker Tilly Virchow Krause, LLP, and Albert Zapanta, president and CEO of the U.S.-Mexico Chamber of Commerce.
Citibanamex representatives effectively outlined the realities of the Mexican market not just in light of NAFTA but of its own consumer power. They focused on the manufacturing sector and the regions in Mexico where these industrial clusters were thriving.
The event marked a milestone in the growth of the Chamber—the launch of the newest chapter of the organization. It afforded the local business community an opportunity to meet Rogelio Landin, the new executive director of the Great Lakes chapter.
The discussion was followed by a networking reception.
