April 11, Commerce Secretary Wilbur Ross addresses the U.S.-Mexico CEO Dialogue Leadership Dinner in Merida, Yucatan, Mexico

Wilbur Ross said: “The bonds between our two countries are deep. We share democratic values and cultural ties. Millions of Americans trace their heritage to Mexico.”

“Mexico is our second largest export market and is our third largest trading partner. Our integrated economies generated over $678 billion in two-way trade in goods and services last year. We also share significant cross-border investment.” Wilbur said. ” In 2017, U.S. foreign direct investment in Mexico totaled more than $109 billion.Mexico’s investment in the United States now tops $35 billion.”

” Our economic relationship supports growth, opportunity, and good jobs for millions of citizens in both our countries. The United States has developed an excellent working relationship with President López-Obrador. And we again thank the administration for its support on the many issues of mutual concern.”