Economy & Business - June 2022

MEXICO: Investment package aims to speed up border crossings

On 12 May, Mexico’s Foreign Minister Marcelo Ebrard and US Ambassador to Mexico Ken Salazar announced that an investment package had been agreed between the Mexican and US governments aimed at boosting economic growth in the shared border area. The two governments agreed to invest US$4.2bn to provide technological improvements, fund infrastructure projects, and introduce special measures to up security on both sides of the border. The package was agreed under the US-Mexico Bicentennial Framework for Security, Public Health and Safe Communities during a meeting held in Tijuana, Baja California state.

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