Thread: New Mexico builds Sonora connections

New Mexico Business Weekly - July 5, 2010
http://albuquerque.bizjournals.com/albu ... tory1.html

Friday, July 2, 2010
New Mexico builds Sonora connections

New Mexico Business Weekly - by Kevin Robinson-Avila NMBW Staff
Media


More than half a dozen Mexican companies are looking to establish operations in New Mexico after meeting face to face with local businesses in Albuquerque.

Representatives from 16 companies from the northern Mexican state of Sonora met with nearly 65 local businesspeople on June 24 at the first business-to-business trade mission set up under the New Mexico/Sonora Commission. Gov. Bill Richardson and Gov. Guillermo Padrés ElÃ*as of Sonora formally established the commission last fall to develop closer trade ties and cooperation between the two border states.

Participants held more than 150 meetings during the event to discuss products and services, and to consider joint ventures, said Jerry Pacheco, executive director of the International Business Accelerator, which organized the conference with the New Mexico Economic Development Department.

“The Mexican companies included firms in aerospace, alternative energy and food products,â€

New Mexico sales south of the border grew from $185 million in 2005 to $385 million in 2008. Given the recession, exports remained level at $384 million last year, but they have started growing again since January.

Who says that there are no sales to our southern neighbor