State Assemblymember Pérez Statement on Signing of California-Mexico Economic Agreement

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Secretary of Economy of Mexico Idelfonso Guajardo, left, and California Governor Jerry Brown, participate in Signing of Memorandum of Understanding on Trade and Investment between California and Mexico, in Mexico City, Wednesday, July 30, 2014. California’s governor is on a three day visit to Mexico. (Marco Ugarte, AP / AP)

(SACRAMENTO) – Assembly Majority Leader V. Manuel Pérez applauds the agreement signed Wednesday by Governor Edmund G. Brown and Mexico’s Ministry of the Economy to expand trade between Mexico and California. 

“Mexico is California’s largest trading partner, and I have long advocated for a more coherent economic strategy, particularly for the California-Mexico border region,” said Pérez.  “This trade pact will advance economic cooperation, and it represents a tremendous opportunity for the Coachella-Imperial-Mexicali economic corridor.”

Among the many areas of cooperation in the agreement is the ability for Mexican companies to access California’s Innovation Hubs, a program strongly supported by Pérez and which was codified through his bill AB 250 (Chapter 530, Statutes of 2013). 

California’s Innovation Hubs (iHUBs) are innovation clusters of research parks, technology incubators, and universities working together with economic development organizations, venture capitalists, and business groups in different areas of the state.

The Coachella Valley iHub, based in Palm Springs and emphasizing clean technology development, is a thriving example of the program.

“This trade agreement emphasizes many of our already strong and emerging sectors, such as manufacturing, alternative energy, health, agriculture and tourism,” continued the Majority Leader. “Together with the iHub program and the state’s economic incentive pilot program recently secured for the Coachella Valley, the pact will help to bring new investment and job creation to our region.”

Majority Leader Pérez led the legislative delegation participating in the Governor’s trade and investment mission to Mexico this week.