Texas House Bill HR1173

Texas 2017 - 85th Regular

Caption

Recognizing March 30, 2017, as Rio Grande International Trade Day at the State Capitol.

Impact

The resolution serves to promote awareness of the economic vitality generated by international trade in the Rio Grande Valley. It notes that since the implementation of the North American Free Trade Agreement, U.S. exports to Mexico have skyrocketed, showcasing a positive trend in regional economic development. The passage of this resolution aims to reinforce support for sustained international trade and its contributions to the local economy, as trade has been a stabilizing factor for the area during economic downturns.

Summary

H.R. No. 1173 recognizes March 30, 2017, as Rio Grande International Trade Day at the State Capitol. The resolution highlights the significant role that cross-border commerce plays in South Texas' economy. It underscores that approximately 36% of Texas' total exports go to Mexico, emphasizing the importance of this trade relationship for both Texas and the broader United States economy. The bill reflects an appreciation for the continuous growth in exports, particularly in industries like electronics, petroleum, and agriculture.

Sentiment

General sentiment around H.R. 1173 is positive, reflecting a collective enthusiasm for trade as a crucial element of economic success in Texas. Lawmakers and stakeholders in the region view the recognition of International Trade Day as an essential step toward promoting the benefits of cross-border commerce, which is essential for future prosperity. The resolution aligns with regional leaders' goals of sustaining and enhancing this economic relationship.

Contention

While the resolution does not contain elements of direct legislative contention, it brings attention to the critical economic relationship with Mexico that some community members and business owners rely on. There may be underlying discussions about trade policies and any potential impacts of political changes on this relationship; however, such discussions are not explicitly addressed within the resolution text.