1 | 1 | | 85S10794 KSM-D |
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2 | 2 | | By: Anchia H.C.R. No. 19 |
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3 | 3 | | |
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4 | 4 | | |
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5 | 5 | | CONCURRENT RESOLUTION |
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6 | 6 | | WHEREAS, Since 1994, the North American Free Trade Agreement |
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7 | 7 | | has transformed economic relations among the United States, Mexico, |
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8 | 8 | | and Canada; and |
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9 | 9 | | WHEREAS, The accord has driven unprecedented integration |
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10 | 10 | | among the economies, helping to more than triple regional trade and |
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11 | 11 | | encouraging a dramatic rise in cross-border investment; economists |
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12 | 12 | | largely agree that NAFTA has enhanced prosperity in all three |
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13 | 13 | | countries, as regional trade increased sharply over the first two |
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14 | 14 | | decades, from roughly $290 billion in 1993 to more than $1.1 |
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15 | 15 | | trillion in 2016; as many as 14 million U.S. jobs rely on this |
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16 | 16 | | trade; and |
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17 | 17 | | WHEREAS, The economic effects of NAFTA on Texas are |
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18 | 18 | | particularly profound, due to its proximity to Mexico, which is the |
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19 | 19 | | state's top export market; in 2015, exports from Texas to Mexico |
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20 | 20 | | totaled $92.5 billion, and as of 2014, 382,000 Texas jobs depended |
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21 | 21 | | on cross-border trade; moreover, the availability of lower-priced |
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22 | 22 | | goods from Mexico has had a favorable influence on the state's cost |
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23 | 23 | | of living; and |
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24 | 24 | | WHEREAS, The Texas economy would be negatively impacted |
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25 | 25 | | should the United States withdraw from NAFTA; it is vital that Texas |
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26 | 26 | | protect its economic interests; now, therefore, be it |
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27 | 27 | | RESOLVED, That the 85th Legislature of the State of Texas, |
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28 | 28 | | 1st Called Session, hereby request the lieutenant governor and the |
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29 | 29 | | speaker of the House of Representatives to create a joint interim |
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30 | 30 | | committee to study the impact on Texas of any proposed |
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31 | 31 | | modifications to NAFTA being considered; and, be it further |
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32 | 32 | | RESOLVED, That the committee's proceedings and operations be |
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33 | 33 | | governed by such general rules and policies for joint interim |
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34 | 34 | | committees as the 85th Legislature may adopt. |
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