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Trading Across our Borders

March 3, 2011

Francisco Sánchez, Under Secretary for International Trade

When people think about exporting in the United States, they commonly think of destinations such as China and Europe.

Canada and Mexico, however, are also two of the strongest markets for American goods and services.

In fact, each day, the United States conducts $2.5 billion in trade with our neighbors.  This, in turn, translates to $1.7 million a minute.

Last year, U.S. exports to Mexico grew more than 25 percent to more than $160 billion. In addition, the U.S. exported over $240 billion to Canada which is an increase of $45 billion over the previous year.

As you can imagine, the trade along our borders is an important priority to both the International Trade Administration and President Obama.

It is for that reason, that I spent this past Tuesday rolling out our new Border Export Strategy with colleagues in both San Diego and Tijuana.

The Border Export Strategy (BES) is a key component of President Obama’s National Export Initiative which aims to double U.S. exports by 2015. The BES will spur job creation and aid to our nation’s economic recovery.

ITA’s Border Export Strategy will increase export opportunities for U.S. companies along our shared borders by reducing trade barriers that impact the flow of secure, effective and legitimate commerce. The San Diego and Imperial Valley region was the perfect place for me to begin rolling out this strategy and I look forward to the weeks and months ahead.

My staff and I look forward to working with businesses and government officials to advance ITA’s Border Export Strategy and to achieve President Obama’s goals for the National Export Initiative.

6 comments

  1. Interesting information – thanks for sharing. We are also excited to hear about the new BES, and look forward to learning more about it and the NEI at the President’s Export Council meeting later this week (March 11th).


  2. The shrinking value of the dollar is the primary reason for increases in exports isn’t it. That is not a good thing in the long run.


  3. Interesting numbers, I never thought the numbers are so high.
    In addition, i believe that the trade with China mainly goes into the US and not the other way around due to cheap labor.
    There’s no doubt that Canada should be a preferred destination when it comes to export…


  4. Very interesting information indeed, i thouhgt China has a lower busines


  5. Speaking from Europe, I can say that a lot of our imports come from either Asia or, to some extent, America. It’s a little worrying to be honest as a business and for the governments.

    I think Germany have the right idea though. We need to start manufacturing again and stop relying on service sectors for our economy,

    Good post. It’s always nice to get another regions perspective.


  6. It’s very important to have good relations with our neighboring countries…and a good way is by trading with them.



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