TAMIU TCBEED Participates in Prominent Trade Summit Aimed to Modernize México's Cross-Border Trade

Dr. Daniel Covarrubias, Texas A&M International University's (TAMIU) A. R. Sanchez, Jr. School of Business Texas Center for Border and Economic Development (TCBEED) director, recently participated in the prominent TradeHub Summit in México.

The Summit was held June 8-9 at Expo Santa Fe and Hilton Santa Fe in Mexico City and brought together diverse stakeholders, including private and public NGOs to startups, innovators, academics, and logistics and international trade specialists, to explore informative conversations and collaborative opportunities.

Co-founded by the Confederación de Asociaciones de Agentes Aduanales de México (CAAAREM), the Summit aims to modernize México's cross-border trade and customs infrastructure to facilitate progress and generate opportunities in a rapidly evolving business world.

On the first day of the Summit, Dr. Covarrubias joined panelists Cristobal Hernández, director of the Houston Customs Trade Partnership Against Terrorism Field Office for U.S. Customs and Border Protection, J.D. González, National Customs Brokers and Forwarding Association of America (NCBFAA) president, Eduardo Acosta, Pacific Coast Council president, and Robert Stein, Senior Vice President of Regulatory Compliance at Mohawk Global to discuss U.S. and Canadian perspectives on the future of trade with México. During this panel, Covarrubias presented data on how México has become the United States' number one trade partner and how it can continue its path to becoming an open economy while ensuring the U.S. and Canada remain its priority.

On the second day, Covarrubias conducted a masterclass titled, "Bridging Borders through Innovation: Unlocking the Future of Logistechs in Cross-Border Trade." He emphasized the transformative role of Logistechs in boosting cross-border trade and transportation efficiencies. His session explored how emerging technologies like IoT, A.I., blockchain, automation, machine learning, predictive analytics, AR/VR, and autonomous vehicles will revolutionize global trade dynamics.

He also argued that these exponential technologies are reshaping traditional trade paradigms by streamlining transportation of goods, simplifying handling, and expediting customs clearances.

Covarrubias said he was impressed with the TradeHub team for organizing an event crucial to setting a new era of cross-border trade.

TAMIU's TCBEED has established a Logistechs Living Lab committed to analyzing the impacts of exponential technologies like blockchain on the logistics and supply chain industries. The Living Lab explores transformative solutions to drive cross-border trade and economic growth in the Texas-México region, thus contributing to a more efficient, transparent, and secure cross-border trade environment.

For more information on TAMIU's TCBEED, or Logistechs Living Lab, please visit texascenter.tamiu.edu, email Dr. Covarrubias at dcova@tamiu.edu, call 956.326.2520, or visit offices located in the  Anthony J. and Georgia A. Pellegrino Hall, room 216.