‘By fixing NAFTA, we can address modern-day challenges and preserve and protect America’s unrivaled stability and prosperity into the next century.’
Don’t End NAFTA. Fix It.
Sen. John Cornyn
March 2, 2017
When looking for a model economy, Washington would be wise to look no further than Texas. The “great American jobs machine,” as we’re affectionately known, has been the economic engine that pulled our country out of the recent recession, singlehandedly adding more than one million jobs to the American economy. In fact, if Texas were its own country, we would be the 10th largest economy in the world.
Now, with pro-growth Republicans in control of Congress and the White House, leaders are beginning to consider proposals to lift our economy out of a sluggish recovery. But as we work together to jumpstart our factories and farms across the country, let’s keep in mind what my state has gotten right.
Trade has been a cornerstone of the Texas economy, with no partner more important than Mexico.
As our largest export market, Mexico has an extraordinary economic relationship with Texas. Trade with our southern neighbor supports hundreds of thousands of jobs in my state and provides more goods at a better price for Texas families. More than a third of all Texas merchandise is exported to Mexico – meaning our farmers, ranchers and small businesses have found no shortage of customers south of the border too.
This explosion in trade for our state has catapulted Texas to the top of exporting states in the country for more than a decade now. Thanks to trade pacts like the North American Free Trade Agreement (NAFTA), goods and services flow more freely among the three North American countries, growing jobs across Texas and stretching paychecks further. This isn’t just true for Texas. A majority of exports coming from Michigan and Ohio, for example, are bound for our NAFTA partners too.
Trade in Texas – specifically along our Southern border with Mexico – doesn’t just work in theory. It’s the reality on the ground too. Last week I led a congressional delegation to the border to see this economy in action. We visited the Pharr International Bridge in the Rio Grande Valley – a bridge that facilitates about $30 billion in trade a year. We also visited Laredo, a port that handles about a third of all international trade in Texas, with 14,000 trucks passing through daily. In other words, the Texas border serves as a major gateway for agriculture and manufactured goods trade. It moves more freight along its 1,200-plus miles of southern border than any other border state. And this trade in turn fuels economic growth and vitality across the region and the entire country.
But like anything that’s dated, there’s room for NAFTA to be improved. It’s now more than 20 years old. Texas and the United States as a whole would benefit from a revised agreement that makes trade