RECAP: Global Trade Forum: Mexico-U.S. Innovative Business Opportunities

On Tuesday, September 17th, the Montgomery County Chamber of Commerce (MCCC) and partners United States Department of Commerce, Maryland Department of Business and Economic Development, Johns Hopkins University, Montgomery County Department of Economic Development, and U.S. Small Business Administration, Washington Metropolitan Area District Office hosted a Global Trade Forum that discussed innovative business opportunities in Mexico.

The Mexican Ambassador to the United States, His Excellency Eduardo Medina-Mora gave a keynote presentation that discussed Mexico as a trading partner with the United States. Mexico is currently the 3rd largest goods trading partner with the U.S. with $494 billion in total trade. He said that 6 million U.S. jobs depend on investments from Mexico. The Ambassador also discussed the tremendous transformation process in Mexico, including changes to labor laws, telecommunication laws and education reform.

Federico Alberto Arguelles Tello, Chief Commissioner for the Analytical Control and Coverage Extension also gave a high-level presentation that discussed the evolution of healthcare in Mexico from March 2011 until the present. Mexico’s healthcare regulations have transformed the strengthening of access to medicine, reducing the cost of healthcare and growth in approved products. Click here to read this presentation.

Public and private sector representatives focused on bio-tech and other industry sectors as panelists and conducted one-on-one sessions with attendees.

The program was moderated by J. Roberto Trujillo, President and CEO of TruBios LLC and panelist presentations included:

  • Colleen Fisher, Mexico Desk Officer, International Trade Administration, Market Access & Compliance, U.S. Commercial Service who described Mexico as a dynamic market where companies are flourishing due to the location, size, growing middle class, and strong GDP. She discussed key opportunities in Mexico in healthcare, manufacturing and telecommunications.
  • Gerardo Patiño, Commercial Counselor, New York, ProMexico presented the mission to help businesses explore new markets and opportunities in order to conduct business in Mexico.
  • Catherine Robinson, Esq., Senior Manager, International Government Affairs, Amgen, Inc. who said Mexico has the 11th largest pharmaceutical market in the world and the 2nd largest in Latin America. She also discussed their improved regulatory standards and the strong relationship between Mexico and the United States.
  • Trevor Gunn, Managing Director, International Relations, Medtronic, Inc. discussed the benefits of conducting business in Mexico as a medical technology manufacturer. Benefits include the proximity to the U.S., cost structure, open access to information and great environment for protecting IP.

At the conclusion of the presentations, select public agencies and businesses met with attendees in a one-on-one setting.

  • Public agencies that participated in one-on-one sessions included: Export-Import Bank of the United States, COFEPRIS, ProMexico, U.S. Commercial Service, Maryland Department of Business and Economic Development, U.S. Small Business Administration, Washington Metropolitan Area District Office.
  • Businesses that participated in one-on-one sessions included: Global Meetings and Tourism Specialists, LLC, Inflection Point Systems, Ingenia Group, LEXIA, TruBios, LLC.

 

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