Mexico to draft plan to attract Asian firms

Mexico's government announced that Mexican Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo will draft a plan by early 2023 to bring companies from Asia to relocate to North America.

On her first visit to Washington this week, Buenrostro met with senior U.S. officials to talk about how to attract businesses from Asia, as well as other trade issues, such as energy, food and national security, and the importance of energy, food and national security to economic development.

In a statement, the Mexican economy ministry said that the two sides would jointly draft a presentation for the private sector about the economic and fiscal benefits offered by their countries.

Buenrostro and U.S. Trade Representative Katherine Tai discussed ways of resolving an issue of concern to Americans with Mexico's energy policies.

Tai stressed the importance of avoiding disruptions in U.S. corn exports to Mexico.