Hispanic Chamber endorses SB 928 California – Mexico Trade Office

The Contra Costa County Hispanic Chamber of Commerce recently endorsed SB-928 that will establish a California Trade Office with Mexico. It’s a wonder such an effort does not already exist. To be established by 2016, The office would supervised  by Governor’s Brown’s Office of Business and Economic Development. The mission will be to promote exporting, facilitate capital investment from Mexico into California and support educational exchange programs.

April 27, 2014 Honorable Lou Correa

Senator, 34th District State Capitol, Room 5061 Sacramento, CA 95814

RE: SB 928 – Support

Dear Senator Correa:

On behalf of The Contra Costa County Hispanic Chamber of Commerce, I am writing to express our support for SB 928.

The Contra Costa County Hispanic Chamber of Commerce leadership is encouraged your legislation, SB 928. It is important to California and Mexico’s economy. As we all know, studies have shown that California and Mexico stand to benefit tremendously
by establishing a California Trade Office
in Mexico. We appreciate your foresight and understanding the importance of a California Trade Office with our neighboring country. We encourage your colleagues to support SB 928 for all the economic reasons that studies have shown. In addition to the economic benefits, it would also provide opportunities for a better foundation between our state and Mexico in many ways .

For these reasons, the Contra Costa County Hispanic Chamber of Commerce supports your efforts to enact SB 928.

Johnny Huang
President of the Board
Hispanic Chamber of Commerce Contra Costa County 

Meanwhile, Gov. Jerry Brown will reportedly visit Mexico in July and has already outlined a strategy for opening up economic trade between California and Mexico.

californiaexportmarkets

 

Governor Brown will be joined by a diverse delegation of California government, business, economic development, investment and policy leaders on the Mission, which will be organized by the California Chamber of Commerce. The Mission will focus on boosting direct investment in the state, expanding bilateral economic and environmental cooperation and connecting California businesses with new opportunities and partnerships.

 

The Governor first announced the Trade and Investment Mission to Mexico in his 2014 State of the Stateaddress and met last month with Mexican Consuls General from cities across California.

According to the California Chamber of Commerce,

In the last 20 years, two-way trade in goods between Mexico and the United States increased dramatically from $81.4 billion in 1993 to over $506.6 billion in 2013. Mexico has remained the United States’ second largest export market since 1995, with a total value of $226.2 billion in 2013.  Top export categories from the U.S. to Mexico included computer and electronic products, transportation equipment, chemicals, and non-electrical machinery. 

Mexico continues to be California’s number one export market, purchasing 14.2 percent of all California exports. California exports to Mexico amounted to nearly $24 billion in 2013. Computers and electronic products remained California’s largest exports, accounting for 21.1 percent of all California exports to Mexico. Exports of transportation equipment and machinery from California to Mexico grew to total almost $4.7 billion; with petroleum and chemicals continuing to be strong export sectors as well.

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