Texas Trade Coalition at the Border
The Texas Association of Business has initiated the Texas Leads Trade coalition (TLT) to enhance trade relations with Mexico and Canada. They aim to defend the USMCA agreement, fight against tariffs, encourage infrastructure investment, and support Texas’ status as the top exporting state in the U.S. With significant trade figures and job creation linked to exports, TLT focuses on fostering innovation and growth-driven agreements while addressing challenges such as illegal migration and narcotics trafficking.
In a bold move to bolster the state’s economic framework, the Texas Association of Business has announced the creation of a new coalition known as Texas Leads Trade, affectionately abbreviated as TLT. This initiative aims to supercharge trade relations not only with neighboring Mexico but also with Canada under the United States-Mexico-Canada Agreement (USMCA), which is slated for a re-evaluation in 2026.
The USMCA has received high praise, with many considering it to be the best trade agreement the U.S. has signed to date. TLT plans to actively defend and strengthen this agreement, ensuring that Texas remains a heavyweight in international trade.
One of the pressing focuses for TLT is to advocate against those pesky tariffs that complicate trade between the three North American countries. The coalition is not just about fighting tariffs; it also aims to encourage more investment in critical infrastructure at border bridges, making the process of doing business smoother for everyone involved.
In recent years, Texas has proven to be a superstar in the exporting game, holding the title of the nation’s top exporting state for a remarkable 22 years. Can you believe it? In 2023 alone, exports from Texas exceeded a whopping $444.6 billion, making up nearly 22% of all U.S. exports! Mexico stands strong as Texas’ top trading partner, with trade figures shooting up to $272.3 billion this year, followed closely by Canada.
The border shared with Mexico is heralded as the busiest trade gateway in North America, handling an astonishing 68% of trade between the U.S. and Mexico. This bustling border corridor facilitates a jaw-dropping $24 million in trade every single hour! Talk about a lively exchange!
Exports from Texas are more than just numbers; they have real-world implications! In 2021, these exports supported approximately 1 million jobs across various sectors. Not to forget, Texas ports of entry managed nearly $740 billion in international trade back in 2018, showcasing the vital role the state plays in global trade.
At the heart of TLT are its guiding principles. This coalition will focus on defending Texas’ position as a global trade leader, rejecting anti-growth policies, investing in securing border infrastructure, and fostering growth-driven trade agreements. Members of TLT will adhere to a Commitment to Action designed to not only protect Texas’ trade standing but also foster innovation, modernize trade infrastructure, and strengthen relationships with trading partners.
The economic landscape in Texas is currently at an impressive high, largely aided by vibrant trade ties with Mexico and Canada. As nearshoring trends continue to grow, the demand for goods and parts to flow between Texas and Mexico is only set to increase. This calls for even more attention and investment in border infrastructure to handle the anticipated uptick in activity.
In this burgeoning atmosphere, TLT plans to collaborate with various chambers of commerce, trade associations, and thought leaders. The goal is to amplify the benefits of trilateral trade and maintain tariff-free trading conditions vital for sustaining economic prosperity. And while tackling trade issues, the coalition recognizes the importance of addressing challenges like illegal migration and fentanyl trafficking.
As Texas embarks on this exciting new chapter with the Texas Leads Trade coalition, the focus will remain on solidifying its position as a regional trade powerhouse. If the numbers are any indication, the future looks bright for trade in the Lone Star State!
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