The governor of Texas reaffirmed his commitment to reducing bureaucracy and collaborating with innovative companies to strengthen the state's economy in the coming decades. He emphasized the importance of the connection between the United States and Mexico on issues such as trade, logistics, manufacturing, innovation, health, and tourism. Mexico is Texas's largest trading partner, generating over five hundred thousand jobs and $270 billion in economic activity in the state.
Glenn Hamer of the Texas Business Association noted that the USMCA has benefited Texas as the leading exporting state in the U.S. The coalition 'Texas Leads Trade' works to improve the treaty and promote smoother trade. The importance of innovation, trade, infrastructure, and energy for the region's competitiveness was highlighted.
Texas was recognized as the 'Best State for Business' for the twenty-first consecutive year and received the 2025 Prosperity Cup for its performance in attracting commercial investments. Companies like Tesla, SpaceX, AT&T, Dell, HP, and others have contributed to Texas's success as a leader in energy, logistics, and technology.
Governor Abbott emphasized the importance of collaboration between the private sector, academia, and government to maintain Texas's economic strength. The state's role as one of the largest and most diverse economies in the world was highlighted. There is an invitation to continue contributing to the region's growth.
The 'Texas CHIPS Act' was mentioned to boost semiconductor production. The pro-business, pro-education, and limited government approach in Texas was highlighted. The importance of talent migration in the state's innovation ecosystem was underscored. The possibility of strengthening cooperation between Texas and Mexico in terms of trade and supply chains was raised.
The celebration of the YTEXAS Summit in September 2025 was announced to promote collaboration between both countries. Texas accounts for 9% of the national GDP and leads in the production of oil, natural gas, and petrochemicals in the U.S. Governor Abbott celebrated these achievements last week, reaffirming Texas's commitment to economic growth and innovation.
