2014 New Mexico Export Recap

In 2014, New Mexico led all U.S. states in percentage growth of exports to Mexico with 93% increase. The next highest state was Montana, which saw its exports to Mexico grow by More »

The Role of Southern New Mexico in the Economy

The Federal Reserve Bank of Dallas, El Paso Branch, in partnership with the College of Business at New Mexico State University, presented “the Role of Southern New Mexico in the Economy Conference” More »

Governor Martinez Celebrates the Success of IBA Client, Southwest Steel Coil

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 »

Roundtable Discussion with Congressman Steve Pearce at Santa Teresa Country Club

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 »

IBA Helps Coordinate Governor Susana Martinez’s Visit to Santa Teresa

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 »

 

June 2015 Monthly Article – Mexico’s Booming Automotive Industry

Mexico’s automotive industry is growing rapidly. No, that is an understatement – Mexico’s automotive industry is booming. In the past couple of years, no fewer than eight automotive manufacturers have announced plans to build new plants in Mexico. By 2016, Mexico will be a manufacturing base for automakers such as Infinity, Audi, BMW, Mercedes- Benz, and Kia. Other automakers such as Ford, Nissan, GM, and Volkswagen have long produced in Mexico. In 2014, combined auto production in Mexico rose 18.5 percent and a record 538,972 vehicles were exported, while 266,899 units were sold domestically.

June 2015

The IBA has joined forces with the Dona Ana Community College SBDC to co-organize an International Trade Seminar, which will take place on June 5th (please see the information below). The seminar will provide an excellent opportunity for attendees to gain an introduction to exporting, identifying prospective foreign markets, and export financing options. Additionally, a discussion of the Santa Teresa project, the economic boom that it has experienced, and the potential opportunities it provides to New Mexico small businesses, will be discussed.

The IBA encourages any New Mexican business interested in international trade to attend.  There is no cost to participate, but seating is limited. Please contact Priscila Gurrola (priscila@nmiba.com or 575-589-2200) of the IBA for more information.

May 2015 Monthly Article – TPTA and Fast Track

by Jerry Pacheco

For the better part of the last decade, the U.S. has been meeting with other nations tied together by their proximity to the Pacific Ocean in an attempt to craft what is being called the Trans-Pacific Trade Agreement.

A total of twelve nations — the U.S., Mexico, Canada, Chile, Peru, Australia, Brunei, Japan, Malaysia, New Zealand, Singapore and Vietnam — have attended these meetings to negotiate the intricacies of the proposed trade agreement. Collectively, these countries account for nearly 40 percent of the world’s economy. Negotiations are focusing on tariff reductions and eliminating barriers to trade among the potential trade partners.