San Antonio Business Leaders Embarking on Major Trade Trip to Mexico

More than four dozen local business executives aren't in the corner office this week, because they are in Mexico City, News Radio 1200 WOAI News reports.

Richard Perez, who heads the San Antonio Chamber of Commerce, says multiple chambers and business groups are participating in the trade mission to Mexico City, which is being hosted by the U.S. Ambassador to Mexico.

He says it is critical because it comes at a time wheh the U.S. is close to signing an updated version of the North American Free Trade Agreement.

"We are hopeful that this will solidify in Mexico the concept that San Antonio is a good business partner for them," he said.

Perez says the key is trade routes, how to export goods from San Antonio to south of the border, and that is the key to real growth for the region.

"Mexico as a county is the largest trading partner for San Antonio itself, it certainly is the largest trading partner for Texas," he said.

The trade mission comes as U.S. tariffs are shaking up existing trade relationships, and the fate of the successor to NAFTA remains uncertain. It also comes at a time when bilateral relations between the U.S. and Mexico are strained due to disputes over the proposed border wall and immigration policy, which Mexico being asked to do more to cut down on 'convoys' of immigrants moving through its country on their way to the U.S. border.

But it also comes at a time when the San Antoio economy is booming, with multiple major economic development initiatives announced just in the past month. Many of those job creation investments are due largely to NAFTA and the prospect of new trade agreements between the U.S. and Mexico.