IBC Bank Chairman Named Co-Chair of Trade Policy Working Group of Prestigious U.S.–Mexico CEO Dialogue
December 18 2019 - 3:28PM
Business Wire
IBC Bank Chairman and CEO Dennis E. Nixon, a longtime advocate
for free trade who has worked hard for the passage of the USMCA
trade agreement, was recently named co-chair with his Mexican
counterpart, of the Trade Policy Working group of the U.S.-Mexico
CEO Dialogue. The group strengthens economic and commercial ties
between the two countries by convening private sector leaders from
the United States and Mexico to provide joint recommendations for
their respective governments on priorities in the bilateral trade
and investment relationship.
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Co-Chairs Dennis E. Nixon and Rafael
Moises Kalach Mizrahi. (Photo: Business Wire)
Nixon’s Mexican counterpart and co-chair is Rafael Moises Kalach
Mizrahi, chairman and CEO of Grupo Kaltex SA de CV. Grupo Kaltex
manufactures and commercializes textile products, producing
synthetic fiber, yarn, fabrics, garments and textile home products.
Nixon follows outgoing U.S. co-chair Pat Ottensmeyer, CEO of Kansas
City Southern.
“As a community bank, IBC Bank is committed to creating economic
opportunity in the communities we serve,” said Nixon. “In order to
offer the best service to our customers, we must be engaged on the
issues that affect them. I am proud to help lead the Trade Policy
Working Group with Moises, because free trade is absolutely crucial
to the economic success of both of our countries.”
U.S. trade with Mexico and Canada reached nearly $1.4 trillion
last year and supported 12 million American jobs in manufacturing,
agriculture, technology and the service sector in all 50 states.
The U.S. exported approximately $289.7 billion and $265 billion in
goods to Canada and Mexico, respectively, in 2018, according to the
Office of the U.S. Trade Representative.
IBC Bank and its senior leaders have been integrally involved in
promoting North American Free Trade since the initial negotiation
of NAFTA in the 1990s, through the more recent negotiation of
USMCA. The continuation of the world's most significant free trade
agreement is essential for economic growth and prosperity in all
three USMCA nations, which is why IBC Bank has been a passionate
and dedicated advocate for its ratification.
The U.S.-Mexico CEO Dialogue was created in 2013 by the U.S.
Chamber of Commerce and U.S.-Mexico Economic Counsel to strengthen
economic and commercial ties between the two countries. The group
convenes CEO’s of U.S. and Mexican companies that are committing
resources and investing in both markets to advocate for bilateral
trade and commercial relationships. The U.S.-Mexico CEO dialogue is
committed to working with both governments to set policy priorities
and share best practices that strengthen U.S.-Mexico commercial
engagement, enhance collective competitiveness in the global
marketplace and grow both economies. The CEO dialogue leaders were
actively engaged in the USMCA negotiations.
About IBC Bank
IBC Bank and Commerce Bank are divisions of International
Bancshares Corporation (NASDAQ: IBOC), a $12 billion multi-bank
financial holding company headquartered in Laredo, Texas, with 189
facilities and 285 ATMs serving 89 communities in Texas and
Oklahoma. IBC Bank’s slogan “We Do More” reflects the bank’s
dedication to the growth and success of the customers and the
communities it has been serving since 1966. International
Bancshares Corporation was ranked 22nd on Forbes’ prestigious list
of 100 Best Banks in America in 2019. MEMBER FDIC / INTERNATIONAL
BANCSHARES CORPORATION. Follow our Facebook page, @IBCBankWeDoMore.
More information is available at ibc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191218005754/en/
Eddie Aldrete IBC Bank – International Affairs 210-518-2516
eddiealdrete@ibc.com
Carlos de Leon KGBTexas Communications 210-826-8899
carlosd@kgbtexas.com
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