The Technology Divide: A Growing Concern for US-Mexico Trade Relations

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The Technology Divide: A Growing Concern for US-Mexico Trade Relations - Benzinga

Quick Summary:

In the first quarter of 2024, trade between Mexico and the U.S.totaled $200.1 billion, a 1.7% year-over-year increase.As trade between the U.S.and Mexico expands, digital services between the two countries are also expected to grow, according to a recent study by New York-based law firm White & Case LLP titled "The Rise of Artificial Intelligence, Big Data, and the Next Generation of International Rules Governing Cross-Border Data Flows and Digital Trade".

"International trade in the digital economy has grown at a similar speed.U.S.two-way trade in information and communication technology services grew from $90 billion in 2010 to $147 billion in 2021.

A technology gap between many carriers and supply chain providers working in U.S.-Mexico cross-border trade and logistics is widening, say officials with Nuevo Laredo, Mexico-based Panacea Strategy.