NEW MEXICO ECONOMIC DEVELOPMENT DEPARTMENT
New Mexico’s Borderplex Offers the Most Competitive AdvantagesThe Borderplex is part of a bi-national, three-state region:
The State of New Mexico is home to four international ports of entry:
The region is home to more than 2.5 million people and is the largest metropolitan area on the U.S.–Mexico border. The workforce pipeline includes more than 125,000 students at post-secondary institutions.
Benefits of a Foreign Trade Zone (FTZ)
By reducing costs, FTZs level the playing field and improve U.S. competitiveness. FTZs can help businesses reduce production-, transaction-, and logistics-related costs by lowering effective duty rates, allowing special entry procedures, and encouraging production closer to market.
United States-Mexico-Canada Agreement (USMCA)
The Commission on the Theft of American Intellectual Property (IP) estimates that China’s IP theft costs the United States between $225 billion and $600 billion annually. USMCA protects intellectual property rights with enforcement powers. The agreement also eases restraints on access to capital and minimizes the limits to where data can be stored and processed. This allows for faster and safe cross border transactions while protecting against cybersecurity threats.
USMCA addresses unfair currency practices with high standards to protect against competitive devaluations and increase transparency. It includes for the first time, articles to protect the environment – improve air quality, reduce and prevent marine litter, and support sustainable forest management.
One of America’s Fastest Growing Ports
The Santa Teresa Port of Entry (STPOE) is by far the fastest growing in New Mexico, and one of the fastest growing on the Mexican Border. STPOE is ranked 6th in total trade among the 167 land ports across the country. During the 15-year span between 2005 and 2020 commercial truck crossings quadrupled at STPOE. In fact, truck traffic continued to increase during the pandemic in large part due to freight delivery issues at other ports of entry.
New Mexico EconomicDevelopment DepartmentJoseph M. Montoya Building1100 S. St. Francis DriveSanta Fe, NM 87505-4147
Mailing Address:New Mexico EconomicDevelopment DepartmentP.O. Box 20003Santa Fe, NM 87504-5003
Main number: (505) 827-0300 (se habla español)Fax: (505) 827-0328
The mission of the New Mexico Economic Development Department is to Improve the lives of New Mexico families by increasing economic opportunities and providing a place for businesses to thrive.
Translate this site:
New Mexico Economic Development Department. All Rights Reserved.