T.R.U.S.T.
Aug 31, 20221 min
Wavy News 10
by: Julian Resendiz
Aug 31, 2022 / 07:19 PM EDT
Report urges investment in ports of entry, better roads and the will to fight poverty
EL PASO, Texas (Border Report) – The El Paso region can boost trade and cash in on reshoring of manufacturing from Asia, but it needs to modernize its ports of entry, improve transportation systems and tackle poverty, says a new report from New Mexico State University.
NMSU’s Arrowhead Center produced the “Border Task Force Report for the Paso del Norte Region” in response to efforts by U.S. Rep. Veronica Escobar, D-Texas, New Mexico Gov. Michelle Lujan Grisham and Chihuahua Gov. Maru Campos to zero in on economic development opportunities.
The report states how the COVID-19 pandemic bared how vulnerable U.S. industry is with many of its suppliers being in Asia. Also, labor costs in China are increasing faster than they are, say, in Mexico – where U.S. companies have some subsidiaries and factories where production could increase, and parts or manufactured goods reach the American consumer faster.
View the full article: Wavy.com