HM 86 — NAFTA IMPORTANCE & MODERNIZATION

HOUSEA MEMORIAL 86RECOGNIZING 53RDTHE LEGISLATUREIMPORTANCE -OF STATETHE OFNORTH AMERICAN FREE TRADE AGREEMENT TO NEW MEXICOMEXICO'S -ECONOMY, SECONDTO SESSIONOTHER ,STATES 2018ON INTRODUCEDTHE BYBORDER NathanWITH P.MEXICO AND TO THE GENERAL AMERICAN ECONOMY;

SmallREQUESTING andTHAT LarryTHE R.UNITED STATES GOVERNMENT COMMIT TO PROTECTING THE CURRENT AND ONGOING INVESTMENT THAT IS PREDICATED ON THE AGREEMENT AS IT NEGOTIATES WITH MEXICO AND CANADA TO MODERNIZE THE AGREEMENT.

ScottWHEREAS, 6for 8over 10two Adecades, MEMORIALthe RECOGNIZINGNorth THEAmerican IMPORTANCEFree OFTrade THEAgreement, NORTHcommonly AMERICANreferred FREEto TRADEas AGREEMENTNAFTA, TOhas NEWstrengthened MEXICO'Sthe ECONOMY,economic, TOcultural OTHERand STATESstrategic ONbonds THEbetween BORDERthe WITHUnited MEXICOStates ANDof TOAmerica, THEMexico GENERALand AMERICANCanada; ECONOMY;

REQUESTINGand THATWHEREAS, THEin UNITEDa STATESreview GOVERNMENTof COMMITthe TONorth PROTECTINGAmerican THEFree CURRENTTrade ANDAgreement, ONGOINGthe INVESTMENTinternational THATtrade ISadministration PREDICATEDof ONthe THEUnited AGREEMENTStates ASdepartment ITof NEGOTIATEScommerce WITHreported MEXICOthat ANDAmerican eexports tto 17Canada CANADAand TOMexico MODERNIZEhad THEgrown AGREEMENT.by nearly four hundred thirty billion dollars ($430,000,000,000) during the agreement's first twenty years;

w l n d 18 = = 19 a l WHEREAS, for over two decades, the North American Free i a e r 20 Trade Agreement, commonly referred to as NAFTA, has a t m m 21 strengthened the economic, cultural and strategic bonds between d r e 22 the United States of America, Mexico and Canada;

and c e s k 23 WHEREAS, in a review of the North American Free Trade e a n b 24 Agreement, the international trade administration of the United u [ States department of commerce reported that American exports to .210004.2 Canada and Mexico had grown by nearly four hundred thirty billion dollars ($430,000,000,000) during the agreement's first twenty years;

and WHEREAS, in January 2018, global affairs Canada reported that annual New Mexico exports of goodgoods and services to HM 86 Canada total three hundred thirty-nine million dollars Page 1 ($339,000,000) and that Canadian travelers spend twenty-nine million dollars ($29,000,000) in New Mexico annually;

and WHEREAS, in 2016, the border industrial association reported that since 2007, all four of the border states have experienced strong growth in their international exports to Mexico;

and WHEREAS, respectively, California has experienced forty- e e 17 six percent growth, Texas has experienced sixty-five percent e e n d 18 growth, Arizona has experienced seventy-five percent growth and = = l ] 19 New Mexico has experienced three hundred fifty percent growth;

a l r i 20 and t e a t WHEREAS, forty-five percent of New Mexico's current m m 21 e d r e 22 international export trade is with Mexico and, of the ten c e r c 23 thousand four hundred jobs in New Mexico that are directly tied e a n b 24 to the North American Free Trade Agreement, most are tied to u [ trade with Mexico;

and .210004.2 - 2 - WHEREAS, vast international logistics routes have been developed to take advantage of the consumer and labor markets created by the North American Free Trade Agreement;

and HM 86 Page 2 WHEREAS, the Union Pacific transmodal shipping center is the linchpin for the Sunset limited shipping route serving HM 86 communities through its eastern branches from New Orleans, Page 3 Louisiana, and Houston, Texas, to Long Beach, California, at its western terminus;

and WHEREAS, significant public and private business investment is ongoing in a number of locations in New Mexico to e e 17 develop warehousing, manufacturing and distribution facilities e e n d 18 to leverage the potential of the logistics routes created by = = l ] 19 the North American Free Trade Agreement;

and a l r i 20 WHEREAS, the existing and growing business sector tied to t e a t the North American Free Trade Agreement is a critical element m m 21 e d r e 22 in the diversification of New Mexico's job market;

c e r c 23 NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF e a n b 24 REPRESENTATIVES OF THE STATE OF NEW MEXICO that the United u [ States government be requested to commit to continuing .210004.2 - 3 - negotiations until a modernized North American Free Trade Agreement is completed that does not undercut existing investment or disrupt the ongoing investment in infrastructure and promotes the full potential for economic growth of the partners to the agreement;

-HM 486 -Page 144 165 e7 e9 1725 e e n d 18 = = l ] 19 a l r i 20 t e a t m m 21 e d r e 22 c e r c 23 e a n b 24 u [ .210004.2