The United States and Mexico agreed to work guidelines in each of the four pillars of the High Level Economic Dialogue (DEAN) reactivated in September, the US Department of Commerce reported Monday.
Within the framework of rebuilding together, first pillar of the DEAN (HLED), which seeks to strengthen supply chains, a working group will identify areas for cooperation, lay the groundwork for a list of critical sectors and examine conditions for increased investment.
The United States and Mexico intend to meet monthly to promote the working group.
The post-pandemic recovery has hit a crisis in the global supply chain that pushes prices up, causes shortages of some products and congestion at ports.
Likewise, these nations intend to make their shared border more efficient “to facilitate trade and legal travel,” for example with improvements in border crossings and port infrastructure, says the Department of Commerce.
They also want to address cross-border pollutants and improve Mexico’s access to covid-19 medical devices by facilitating imports.
The second pillar focuses on promoting development in southern Mexico and Central America. To this end, the two countries seek to “promote productive activities and investment projects” in El Salvador, Honduras, Guatemala and southern Mexico.
Both governments agreed on a framework for joint initiatives targeting youth and agriculture (“Sembrando Oportunidades”) and cooperate on the “Sustainable and Prosperous Communities” program to increase the income of small farmers in southern Mexico.
The third pillar it consists of securing the tools for prosperity. In this area, they will focus on telecommunications networks and new generation information and communication technologies (ICT).
Both governments plan a high-level dialogue with the private sector on the implementation of new technologies in Mexico and the construction of ICT network infrastructure. This would lead to a non-binding mechanism governing collaboration.
In addition, they intend to strengthen cybersecurity and cooperate at the digital level to promote the free flow of data and its protection.
The fourth pillar focuses on vulnerable populations such as women, youth, indigenous people and members of the LGTBIQ + community. For them they will promote an awareness campaign, initiatives for companies led by members of these communities, improvements in access to capital for their businesses and training.
In September, the United States and Mexico held their first DEAN meeting since 2016. This annual meeting was launched in 2013, but was not held under former US President Donald Trump.
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Reference-www.eleconomista.com.mx