Mexican Trade and Business Relations Help Keep Louisiana on Top
With geographic proximity, a shared reliance on the Gulf of Mexico, and a long history of economic and social exchange, Mexico and Louisiana are poised to leverage increased trade flows and cross-border investment in the century ahead.
Notable Mexican Projects in Louisiana
Zagis & Gulf Coast Spinning
In 2009, Zagis USA began operation of its Louisiana-based textile mill for producing cotton yarn. This project represents a significant investment in cotton processing in Southwest Louisiana, accounting for millions of dollars in capital investment and dozens of jobs. The new facility is one of the world's most modern, open-ended spinning plants, and has one of the lowest yarn production costs in the world due in part to its access to Louisiana's cotton supply. Zagis USA chose Louisiana over a variety of competing alternatives, including Georgia, Mississippi, North Carolina and South Carolina.
In December 2013, Gulf Coast Spinning announced the company will make a $130 million capital investment to build a cotton spinning facility in Bunkie, Louisiana. The project will create 307 new direct jobs and result in an estimated 722 new indirect jobs. The two mills will represent a combined capital investment of approximately $150 million. Gulf Coast Spinning expects to ship the majority of its cotton yarn overseas in similar fashion to the Zagis USA mill in Lacassine, Louisiana, where 85 percent of the spun yarn is exported.
“The continued investment in Louisiana represents our belief that this state has the critical infrastructure, energy and workforce advantages that will allow us to grow and prosper in the future.”
Trade Between Mexico and Louisiana
Mexico is Louisiana’s second-largest export destination, with $5.82 billion in exports in 2015. Top Louisiana exports to Mexico include petroleum and coal products ($2.4 billion), agricultural products ($1.28 billion) and chemicals ($741.7 million).
Consul of Mexico: Ramon Gonzales Jameson
901 Convention Center Blvd., Suite 119
New Orleans, Louisiana 70130
Tel: (504) 272-2198
Hispanic Chamber of Commerce of Louisiana
The Hispanic Chamber of Commerce of Louisiana was founded to support the growth and development of Hispanic-owned businesses in Louisiana. Learn more here.
Puentes New Orleans
The mission of Puentes New Orleans is to foster development in the Latino community of New Orleans through civic engagement, leadership, economic growth and advocacy. Learn more here.
The Hispanic Business and Leadership Institute at Southeastern University
The Hispanic Business and Leadership Institute supports the socio-economic development of the Hispanic community and enhances the competitiveness of Hispanic businesses in the southeastern United States through professional development and programs for Hispanic youth. Learn more here.
Quality of Life, Arts and Culture
Numerous higher education institutions in Louisiana offer academic programs in Mexico. Louisiana State University has exchange programs with ITESO (Guadalajara), Universidad de Monterrey, Universidad La Salle (Mexico City), Universidad Popular Autónoma del Estado de Puebla, Universidad Regiomontana (Monterrey). Tulane University’s Goldring Institute of International Business offers programs and partnerships with numerous schools in Latin America, including Mexico’s ITAM and ITESM.
In April 2016
, Mexican business representatives met with companies from Louisiana’s oil and gas sector at the Mexico Trade Mission to the Gulf States. The Mexican delegation spoke about Mexico’s recent reforms in its energy sector and new opportunities for collaboration with Louisiana companies.
In February 2015
, Louisiana State University’s Louisiana Business & Technology Center hosted a cohort of entrepreneurs from Mexico’s food and agriculture industries. The program, called La Idea, focused on training and mentoring in U.S. business practices and rules.
In October 2014
, Mexican oil and gas executives met with Louisiana energy companies as part of an event organized by Le Centre International de Lafayette, in partnership with the Association of Southeastern Mexico Oil Companies. The event focused on increasing awareness about new opportunities in Mexico’s oil industry.