Truth SHEET: U.S. – Mexico High-Amount Financial Dialogue

The HLED Eyesight

United States President Joseph R. Biden and Mexican President Andrés Manuel López Obrador agreed to relaunch the U.S.-Mexico Higher-Amount Financial Dialogue (HLED) in recognition of our wide strategic financial marriage.  Founded in 2013, the HLED developments strategic financial and business priorities for equally nations, with the shared objective of fostering economic development and advancement, occupation generation, global competitiveness, and reduction of poverty and inequality.  The Biden-Harris Administration acknowledges the significance of the dynamic, deep, and built-in business partnership with Mexico, currently our largest buying and selling spouse in items, together with as a major sector for U.S. agricultural exports. As our nations face new troubles, the HLED will permit us to rebuild and grow as dynamic partners.

The relaunched HLED options four central pillars:

  1. Developing Back again Alongside one another
  2. Marketing Sustainable Financial and Social Progress in Southern Mexico and Central The united states
  3. Securing the Resources for Foreseeable future Prosperity
  4. Investing in Our Men and women

Together, we will establish back again from the impact of the world wide pandemic, advertise inclusive trade and expense, prepare our workforces for the foreseeable future, and improve regional source chains. As an ongoing forum to deal with priority troubles, the HLED’s agenda will be enhanced by frequent enter and engagement with crucial stakeholders from civil society and business.

The HLED Operate System

Pillar I: Constructing Back again Alongside one another
The United States and Mexico will make back jointly in an atmosphere informed by the pandemic by strengthening the regional organization setting and strengthening the resilience of U.S.-Mexico provide chains. Function underneath this pillar will include how to greatest aid economic recovery and strengthen infrastructure, trade facilitation, and innovation.

  • Strengthening Present and New Offer Chains
    • Coordinate on significant industries to mitigate supply chain disruptions.
    • Take a look at alternatives to complement provide chain demands in equally nations, examining prospective buyers to maximize competitiveness, appeal to investment decision, and minimize vulnerabilities in vital sectors.
    • Boost environmental systems as a result of exchanges of details and trade missions.
  • Trade Facilitation and Infrastructure
    • Develop on the rules of co-obligation and co-management of our shared border by means of the 21st Century Border Management Initiative.
    • Promote U.S.-Mexico financial competitiveness as a result of innovation and by improving upon land border-crossing and marine port infrastructure, and much better understanding and expediting cross-border trade flows.
    • Increase accessibility to health-related units and materials for public health and fitness emergencies.

Pillar II: Promoting Sustainable Economic and Social Advancement in Southern Mexico and Central The us
The United States and Mexico will determine complementary and cooperative prospects to strengthen livelihoods through the development of work and possibilities in the limited, medium, and extended term in El Salvador, Honduras, Guatemala, and southern Mexico, escalating its trade likely and spurring investment.

  • Increased technical cooperation between U.S. and Mexican international growth agencies, promotion of value chains, clear energy, and rural improvement.
  • Advertise increased trade probable and spur investment decision in the location by mutually determining initiatives of interest drawing on suitable investigate and evaluation, such as any current or upcoming research or missions conducted by the two governments. 

Pillar III: Securing the Instruments for Long term Prosperity
The United States and Mexico will guidance regulatory compatibility and possibility mitigation on problems similar to info and communication technologies, networks, cybersecurity, telecom and infrastructure, amid other folks. 

  • Mitigating Threats and Boosting Facts Flows
    • Produce opportunities to bolster cybersecurity protections in world provide chains. Facilitate collaboration and cooperation in tackling cybersecurity difficulties through international business methods and benchmarks.
    • Greatly enhance cross-border facts flows and interoperability concerning the United States and Mexico.

Pillar IV: Investing in Our Men and women
The United States and Mexico will foster cooperation in direction of a much more inclusive workforce that is improved educated, more aggressive, and much better properly trained with the essential skills to meet up with the requires of the 21st Century financial system.

  • Inclusiveness and Training
  • Coordinate joint initiatives to advertise an innovation ethos.
  • Market initiatives to commit in entrepreneurs and small-and medium-sized enterprises (SMEs).
  • Collaborate to greatly enhance entry to economic prospect for girls, youth, Indigenous, and LGBTQ+ local community.
  • Take into consideration alternatives for joint specialized coaching and educational applications throughout precedence sectors.

The HLED will bolster our partnership to far better guarantee that the United States and Mexico meet up with the challenges of our time and make certain that our peoples can thrive.  Mexico and the United States will consistently talk to with civil modern society, non-public sector, academia, and other non-governmental organizations to contribute to the HLED, fostering an open up dialogue that values inclusion and various viewpoints while making sure transparency in determination-making.