The Potential Economic Benefits for Texas of a Free Trade Agreement between the United States and the European UnionReport Published on February 16, 2013
Import and export activity is an essential aspect of optimizing economic performance. By allowing each nation to focus resources on those goods and services where it has a competitive advantage and import other products, foreign trade helps improve business conditions and quality of life around the globe.
The recent invasion of Ukraine by Russia is generating questions regarding how important Russia is to the Texas economy, particularly as policies restricting trade and investment interactions are implemented or contemplated. While no area can escape the near-term disruptive effects related to the supply chain and inflation, the specific effects on business activity within the state are relatively minor. The Perryman Group recently analyzed patterns in Texas-Russia trade and investment to assess the extent of the linkages and related economic effects.
President Trump has signed the US-Mexico-Canada Agreement (USMCA) into law, replacing the 25-year old North American Free Trade Agreement. A strong trade agreement with Mexico and Canada is clearly a "win" for the US economy. Mexico has also passed the USMCA, and the ratification process is currently underway in Canada.
Dr. Perryman provides an economic forecast for the Rio Grande Valley and the Port of Brownsville's role in connecting international trade to the region at the 2022 State of the Port Address.
Successful Trade Negotiations Between United States and European Union Could Yield Substantial Economic Benefits for the State of TexasPress Release Released on August 07, 2018
President Trump's recent announcement that the United States and the European Union (EU) would begin trade negotiations and work toward reducing constraints that could yield short-term success and help set the stage for other progress in the near future. EU members are major US trading partners, and, not only would a strong trade deal with zero tariffs have the potential to further enhance economies on both sides of the Atlantic, but also provide substantial benefits for the state of Texas.
Dr. Perryman discusses the importance of US trade with Mexico and that Laredo is the largest port in terms of trade volume in the US.
The Perryman Group has had a global presence for four decades, successfully pursuing major initiatives on five continents. The firm has worked with most of the largest companies in the world, as well as scores of governmental entities. TPG has been involved in international trade agreements, infrastructure investments, regulatory matters, and similar major initiatives.