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 Business News | January 2007 
U.S., Mexico Advised to Coordinate Upgrades
 Jenalia Moreno - Houston Chronicle
The United States and Mexico should coordinate the construction of roads, bridges and other transportation links to handle increased trade between the two nations, a Mexican international business consultant said Tuesday.
"It is time to jointly look at the big picture for the next 20 years," Felipe Ochoa, chairman of Mexico City-based Felipe Ochoa Y Asociados, told those gathered for a cross-border conference at the Houston branch of the Federal Reserve Bank of Dallas. "There's not enough capacity to handle what we are expecting in the future."
The Northeastern Mexico and State of Texas Partnership, or NEMEX-TEX, and the Greater Houston Partnership sponsored the daylong conference.
Increased trade as a result of NAFTA and globalization will require more ways for trains and trucks to cross the between the U.S. and Mexico, especially in Texas and Mexico's four northern states, Ochoa told the 130 at the conference.
The North American Free Trade Agreement has helped trade between Mexico and Houston soar to $15.6 billion last year, compared with $2.5 billion in 1992, two years before the pact went into effect, according to Jeff Moseley, president of the Greater Houston Partnership.
The nations must also invest in technology to speed border crossings, said Ray Perryman, president of the Perryman Group, a Waco-based economic and financial analysis firm. |
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