WASHINGTON— Today, Congressman Henry Cuellar (TX-28), a member of the U.S. House Appropriations Committee, and Homeland Security and Defense Subcommittees, joined Congressman William Hurd (TX-23), Senior Vice President of IBC Bank Eddie Aldrete, Executive Director of Mexicans & Americans Thinking Together (MATT) Aracley Garcia-Granados, Board Member of the MATT Foundation & Former Texas Secretary of State Hope Andrade, along with trade and border experts, to participate in the revealing of a trade study by renowned Texas economist Dr. Ray Perryman.
In his study, Dr. Ray Perryman reveals that expanding border trade will bring 700,000 new jobs into the economy and nearly $70 Billion in annual gross product in the United States. It also reports that increased trade will result in an additional 100,000 new jobs and $5 Billion will be added in annual gross product in Mexico.
“I have said time and time again that limiting trade between the United States and Mexico would eliminate American jobs and hurt the economy,” said Congressman Cuellar. “Both countries rely on each other heavily for trade, retail, and tourism. That is why it is important that we modernize NAFTA and strengthen Texas’ relationship with Mexico to optimize prosperity. Thanks to this new study, people will be better informed on how many jobs the United States, Texas, California, Arizona, New Mexico and Mexico stand to gain if we improve and increase trade with our neighbors.”
Congressman Cuellar continued, “I would like to thank Bordernomics Alliance for assembling this news conference, and I thank Dr. Ray Perryman for releasing his finding to the community. This crucial information will provide necessary, in-depth insight into the positive affects trade has on our country.”