Trade tensions between the United States and China, the onset of the Covid-19 pandemic, and the recent Russian invasion of Ukraine have turned nearshoring into an important topic among economists. It is estimated that the relocation of supply chains to North America could increase Mexican exports by 30 percent and attract $35 billion annually. Moreover, the geographic position of the second largest economy in Latin America, its strong manufacturing base, macroeconomic stability, and free trade agreement with the US and Canada, make Mexico a natural candidate for companies seeking to relocate and gain better access to the US market. How can North American countries fully capitalize on these nearshoring opportunities to strengthen supply chains while ensuring longevity and sustainability? 

Introductory Remarks

Enrique Perret

Managing Director, US-Mexico Foundation

Moderator

Kenneth Smith Ramos

Partner, AGON

Speakers

Emilio Cadena

Chairman, Prodensa

Samuel García Sepúlveda

Governor of Nuevo León

Darrell Issa

US Representative, California

David Talbot

Associate Director, Global Policy, Milken Institute

Closing Remarks

Laura Deal Lacey

Executive Director, Global Markets, Milken Institute