MCALLEN, RGV – Thanks to certain provisions in USMCA, the successor trade agreement to NAFTA, U.S. suppliers to the big auto manufacturers will no longer be moving to Mexico or the U.S.-Mexico border region.
That is the prediction of Keith Patridge, president and CEO of McAllen Economic Development Corporation.
However, also thanks to USMCA, Asian and European manufacturing firms will be attracted to the U.S,-Mexico border region, the MEDC chief believes.
Indeed, one Chinese manufacturer is close to making a decision on moving to McAllen-Reynosa, Patridge said, in an exclusive interview with the Rio Grande Guardian.
Patridge’s in-depth analysis of the changing patterns of international trade and the key provisions of USMCA for the manufacturing industry are featured in the above podcast. Go 4 minutes into the podcast to hear discussion on the ramifications of USMCA. Before that there are four minutes of discussion on the need for the Rio Grande Valley to develop a highly-skilled workforce.
Editor’s Note: The main image accompanying the above podcast shows Keith Patridge speaking at a McAllen Citizens League economic forum. Also pictured are McAllen Mayor Jim Darling and McAllen Chamber Vice President Jorge Sanchez. The event was held at the McAllen Chamber of Commerce.