Federal Register: April 12, 2002 (Volume 67, Number 71)
DOCID: FR Doc 02-8862
DEPARTMENT OF COMMERCE
International Trade Administration
ACTION: Overseas trade missions:
DOCUMENT ACTION: Notice to announce secretary Evans' business development mission to Mexico during June 1720, 2002.
Secretarial Business Development Mission to Mexico, June 17-20, 2002
DATES: Applications should be submitted to the Office of Business Liaison by May 1, 2002. Applications received after that date will be considered only if space and scheduling constraints permit.
Secretary of Commerce Donald L. Evans will lead a senior-level business development mission to Mexico City and Monterrey, Mexico, on June 1720, 2002. The focus of the mission will be to help U.S. companies explore business opportunities in Mexico. The delegation will include approximately 15 U.S.based senior executives of small, medium and large U.S. firms representing, but not limited to, technology, equipment, and services in the following key growth sectors: energy and energy efficiency, environmental and water resources, information technology, telecommunications, transportation, medical and manufacturing. These key sectors reflect Mexico's infrastructure needs, the growth of a consumer society, and the boom in manufacturing created by NAFTA and proximity to the U.S.
2002 trade missions—; Mexico; secretarial business development mission,
Secretarial Business Development Mission to Mexico
June 1720, 2002.
I. Description of the Mission
Secretary of Commerce Donald L. Evans will lead a seniorlevel business development mission to Mexico City and Monterrey, Mexico.
The focus of the mission will be to help U.S. companies explore business opportunities in Mexico. The delegation will include approximately 15 U.S.based senior executives of small, medium and large U.S. firms representing, but not limited to, technology, equipment, and services in the following key growth sectors: energy and energy efficiency, environmental and water resources, information technology, telecommunications, transportation, medical, and manufacturing. These key sectors reflect Mexico's infrastructure needs, the growth of a consumer society, and the boom in manufacturing created by NAFTA and proximity to the U.S. market.
II. Commercial Setting for the Mission
Mexico is the second largest export market for the United States after Canada. U.S. exports to Mexico totaled $102 billion in 2001, with substantial sales in virtually every product sector in which the United States is globally competitive. U.S. exports to Mexico have registered annual growth of more than ten percent in five of the last six years, peaking in 2000 with a 28 percent increase. Although the Mexican economy cooled in tandem with the United States economy during 2001, prospects are favorable for a renewal in growth in the latter half of 2002.
Mexico recently obtained ``investment grade'' status for its public debt from both Moody's and Standard and Poor's, a reflection of the country's sound economic fundamentals and stable macroeconomic policy. III. Goals for the Mission
The mission aims to further both U.S. commercial policy objectives and advance specific business interests. It is intended to:
IV. Scenario for the Mission
The Business Development Mission will provide participants with exposure to highlevel business and government contacts, and an understanding of market trends and the commercial environment. American Embassy officials will provide a detailed briefing on the economic, commercial, and political climate, and participants will receive individual counseling on their specific interests from U.S. Commercial Service industry specialists. Meetings will be arranged as appropriate with senior government officials and potential business partners. Representational events will also be organized to provide mission participants with opportunities to meet Mexico's business and government representatives, as well as U.S. business people living and working in Mexico.
The tentative trip itinerary will be as follows: June 17thArrive Mexico City
June 18thOneonOne Business Meetings in Mexico City
June 19thTravel to Monterrey, OneonOne Business Meetings in Monterrey
June 20thOneonOne Business Meetings in Monterrey
June 21stOptional spinoff trips to Guadalajara or Tijuana for further business meetings, at additional expense.
V. Criteria for Participant Selection
The recruitment and selection of private sector participants for this mission will be conducted according to the ``Statement of Policy Governing Department of CommerceOverseas Trade Missions'' established in March 1997. Promotion and recruitment will include, but not be limited to, posting on appropriate Department of Commerce web pages, notification in the Federal Register, and through distribution of the trade mission statement and further information to national and other trade associations and trade publications. Approximately 15 companies will be selected for the mission. Companies will be selected according to the criteria set out below.
Participating companies must be incorporated in the United States. A company is eligible to participate only if the products and/or services that it will promote (a) are manufactured or produced in the United States; or (b) if manufactured or produced outside the United States, are marketed under the name of a U.S. firm and have U.S. content representing at least 51 percent of the value of the finished good or service.
Companies will be selected for participation in the mission on the basis of:
An applicant's partisan political activities (including political contributions) are irrelevant to the selection process.
VI. Time Frame for Applications
Applications for the trade mission to Mexico were made available on March 22, 2002. The fee to participate in the mission will be between $4,000$6,000. Expenses for travel, lodging, and some meals will be the responsibility of each participant. For additional information on the trade mission or to obtain an application, contact the Department of Commerce Office of Business Liaison at 2024821360. Applications should be submitted to the Office of Business Liaison by May 1, 2002, in order to ensure sufficient time to obtain incountry appointments for applicants selected to participate in the mission. Applications received after that date will be considered only if space and scheduling constraints permit.
Contact: Office of Business Liaison, Room 5062, Department of Commerce, Washington, DC 20230, Tel: (202) 4821360, Fax: (202) 482 4054.
Mission Web Site: http://www.doc.gov/mexicotrademission.
Dated: April 8, 2002.
Acting Deputy Director General.
[FR Doc. 028862 Filed 41102; 8:45 am] BILLING CODE 3510FPP
FOR FURTHER INFORMATION CONTACT
Office of Business Liaison; Room 5062; Department of Commerce; Washington, DC 20230; Tel: (202) 4821360; Fax: (202) 4824054.