On September 19, IBA client and SBA Region Five Exporter of the Year, Southwest Steel Coil (SSC), held an open house for the public to view their latest expansion in Santa Teresa. More »
On August 19, the IBA assisted in coordinating a roundtable discussion with U.S. Congressman Steve Pearce in Santa Teresa. Homebuilders and developers from the Santa Teresa/Sunland Park region were invited to participate More »
On July 25th, the IBA helped coordinate a visit by Governor Susana Martinez and New Mexico Economic Development Department Secretary Jon Barela to Santa Teresa. These officials were in town to announce More »
Governor Susana Martinez Celebrates Opening of Expanded Santa Teresa Port of Entry and Welcomes 15 New Jobs to Border Region
Governor Susana Martinez joined Chihuahua Governor César Duarte and other government officials on May 24th at a ribbon cutting ceremony to officially open the expanded Santa Teresa Port of Entry. More »
Santa Teresa – On November 7, 2014, Customs and Border Protection (CBP) and Dona Ana County inaugurated CBP’s new state-of-the-art facility for processing international flights and cargo at the Santa Teresa Jebport in Santa Teresa, New Mexico. The new 2,000-square-foot facility is equipped with baggage sensors, x-ray machines, interrogation room, and holding cell. The building also features a waiting area, bathrooms, a search room, agricultural lab, and general office space.
The new facility, which will be owned and maintained by Dona Ana County, is an integral component in making the Santa Teresa industrial base truly multi-modal, with land, rail and air cargo capabilities. Raw materials and finished products are shipped in and out of Santa Teresa as part of the cross-border trade that has grown exponentially around the Santa Teresa/San Jeronimo Port of Entry. Future plans include adding a cross-runway at the Jetport to accommodate larger cargo shipments.
New Mexico’s 3rd Quarter Exports to Mexico Surpass Previous All Time Yearly Record, Exceeds $1 Billion for First Time
Santa Fe – Today, the New Mexico Economic Development Department announced that New Mexico exported $1,082,000,000 in goods to Mexico according to the third quarter report released by the U.S. Department of Commerce’s International Trade Administration. This is first time exports to Mexico have surpassed $1 billion. The 2014 third quarter number also exceeds the record yearly number which was in 2013 at $800,733,264.
“To have surpassed our yearly record in just three quarters symbolizes what great progress New Mexico has made in reaching markets in Mexico and our efforts in connecting New Mexico businesses with new customers not just in Mexico but around the world,” said Governor Susana Martinez. “Growing international exports is key to continuing to grow New Mexico’s private-sector economy and I am pleased we are expanding our market reach.”
I recently returned from a meeting in Dallas in which economists discussed the changing world economy. The European Union’s current growth is catatonic and prospects for improvement seem dim for the medium-term. China’s growth is leveling off and it is experiencing issues with the development of skilled labor. Meanwhile, in the NAFTA (North American Free Trade Agreement) zone, comprised of the U.S., Canada and Mexico, the experience is quite different. It was the conclusion of the economists in Dallas that this North American bloc is driving world economic growth. All three countries are seeing growing GDPs and an increase in employment numbers.
Twenty years after NAFTA was passed, the three partners have integrated their economies to the benefit of production operations that are thriving in North America. Couple this with the fact that oil production is booming in all three countries, particularly due to new technologies, and a situation is created in which the region is in a position to control its own economic destiny.
The North American situation presents tremendous opportunities for New Mexican companies wishing to explore export opportunities to either Mexico or Canada. The IBA can help research specific markets and assist in the establishment of potential buyers of products and/or services. Please contact our office if you are interested in exploring your North American market.