Date: August 6, 2009
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GREATER AUSTIN HISPANIC CHAMBER OR COMMERCE SEMINAR REGARDING PowerPoint PPT Presentation


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Date: August 6, 2009 Sue Snyder Jackson Walker L.L.P. [email protected] • 512.236.2240. GREATER AUSTIN HISPANIC CHAMBER OR COMMERCE SEMINAR REGARDING ECONOMIC IMPACT/COMMUNITY INVOLVEMENT US-MEXICO BUSINESS OPPORTUNITIES. Texas – Mexico Tremendous Business Partners.

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GREATER AUSTIN HISPANIC CHAMBER OR COMMERCE SEMINAR REGARDING

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Greater austin hispanic chamber or commerce seminar regarding

Date: August 6, 2009

Sue Snyder

Jackson Walker L.L.P.

[email protected] • 512.236.2240

GREATER AUSTIN HISPANIC CHAMBER OR COMMERCE SEMINAR REGARDING

ECONOMIC IMPACT/COMMUNITY INVOLVEMENT

US-MEXICO BUSINESS OPPORTUNITIES


Texas mexico tremendous business partners

Texas – Mexico Tremendous Business Partners

Texas is the #1 Largest Exporting State in the US

(even greater than California – which has more than 30% more people)

  • More than $192 B in 2008

  • Texas’ Number 1 Destination – Mexico

    $62 B (total US of $151 B)

    10% increase over 2007


Imports

Imports

Staggering as well

  • Mexico into US -- $ 216 B imports

    • Ranks 3rd

  • Mexico into Texas -- >> $ 70 B imports


Totals

Totals

US/Mexico:

  • 2008 total Mexico trade value = $ 367 B

  • 2008 Trade surplus Mexico = $ 64 B

    Texas/Mexico:

  • 2008 total Mexico trade value = $ 132 B

  • 2008 Trade surplus Mexico >> $ 10 B


What does all this mean

What Does All this Mean?

  • Huge Growth Market is overseas

  • Business must be more innovative and Sell More Overseas to Grow

  • Education/Skill/Funding will be more international

  • Free trade is becoming even more crucial to business

  • Trade matters will be a MAJOR part of our future


What is surprising

What is Surprising?

  • Statistics Show: Not all large companies: In the US, about 97 percent of exporters are small or medium-sized companies, which create three out of four new jobs.

  • Not just the Big Items: For instance Computers and Electronics Accounted for 25% of US Exports in Texas in 2006


What do we do

What do we do?

  • Jackson Walker is one of Texas’ oldest law firms (founded in 1887)

  • Has 300+ attorneys

  • 6th Largest firm in Texas (Texas Lawyer)

  • 4th Largest firm in Austin (ABJ)

  • Go-To Law Firm 200 (Corporate Counsel)

  • International Section


Realm of international law

Realm of International Law

  • A company will leave the confines of the domestic law when any of the following cross national borders:

    • Products

    • People/Services

    • Currency

    • Technology


International issues should be consulted

International Issues Should be Consulted

when any of the following cross national borders:

  • People

  • Currency

  • Products

  • Services

  • Technology

  • Knowledge

  • Protection

  • Competition


Typical legal matters in counseling on doing business overseas

Typical Legal Matters in Counseling on Doing Business Overseas

  • Matters may include:

    • Buying/Selling Products

    • Buy/Selling Services

    • Buying Selling Companies/Land/ Assets

    • Financial Matters

    • Licensing

    • IP Protection

    • Setting up Offices – Sales, etc.

    • Ex-pats/Off-shoring

    • Changing Laws

    • Challenging actions/laws/country behavior


Constantly changing

Constantly Changing

  • Expect More Trade Agreements

    • Other Countries

  • Expect New EAA

    • Needed Drastically

  • Expect Immigration Legislation

    • Hotly Debated issue In Congress

  • Expect Continued Increased Enforcement

    • Customs/FCPA/Exports/Immigration


Jw s recent work

JW’s Recent Work

Arcie Jordan – Partner with extensive work in the US-Mexico international arena. . .


Recent transactions

Recent transactions

  • 1. Assisting distributor of medical devices to understand:

    • * Applicable U.S. export licensing requirements

    • * Mexican importation requirements

    • * How to protect itself in Mexico in order to be able to either recover medical devices or its damages, in the event of breach by Mexican customer

  • 2. Assisting numerous carriers and logistics companies with foreign investment issues, tax compliance, labor negotiations, and corporate formation & maintenance in Mexico.

  • 3. Assisting Mexican investors create U.S. corporate vehicles and understand:

    • * U.S. foreign investment restrictions and reporting obligations

    • * U.S. tax issues under U.S.-Mexico Tax Treaty

  • 4. Assisting U.S. companies understand and comply with Mexican immigration issues.

  • 5. Assisting Mexican companies understand and comply with U.S. and Canadian immigration requirements.

  • 6. Assisting U.S. company to form joint venture with several Mexican companies for cross-border operation.

  • 7. Assisting U.S. companies understand and comply with Mexican transfer pricing regulations for interrelated party transactions


In summary

In Summary

Trade Matters: Exports accounted for about 25 percent of U.S. economic growth in the 1990s. In the future, participation in the global economy will be even more critical to economic growth. The increased demand expands the economy and creates jobs.


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