Hon. Jesús Seade leads briefing on U.S.-Mexico trade relationship and USMCA

by Center for Global Trade & Foreign Investment

The Chamber hosted Hon. Jesús Seade, undersecretary for North America for the Mexican Ministry of Foreign Affairs. As representative of the President of Mexico at the negotiation of the U.S.-Mexico-Canada Agreement (USMCA), signed by the three countries in 2018, Seade provided an exclusive briefing on aspects of the USMCA and the current relationship between the Mexico-California and Mexico-Los Angeles regions. Mexico continues to be California's No. 1 export market, purchasing 17 percent of all California exports. Without tariff-free trade across North America secured by a strong trade agreement, California's manufactured goods exports to Canada and Mexico could face a minimum of $1.2 billion to $10.1 billion in extra taxes (compared to zero tariffs today). The event was co-hosted by Consul General of Mexico, Hon. Marcela Celorio, and was joined by Chamber Board Chair Jerry Neuman; Amb. Nina Hachigian, deputy mayor of international affairs for the City of L.A.; former Board Chair Steve Nissen; representatives from The Coca-Cola Company and The Home Depot; and a number of additional Chamber members and partners. Neuman encouraged members to get involved in the Chamber's work supporting USMCA passage. READ the Business Perspective; SEE the photos; and LEARN MORE about the USMCA.