L.A. is a global city and so is our city's economy, which is why I'm in Mexico City right now on my first trade mission as Mayor. I am joined here by representatives of our Port, Airport, and Tourism & Convention Board as well as a business delegation organized by the L.A. Area Chamber of Commerce.
Trade between Mexico City and L.A. tops $2 billion annually, while our region's overall trade with Mexico nears $15 billion. I want to build on that foundation to create jobs and generate investment in Los Angeles.
To start, the Mayor of Mexico City and I signed the "Los Angeles-Mexico City International Cities Economic Alliance" to boost collaboration in critical growth industries such as clean technology, information technology, bio-medicine, infrastructure, sustainability, and culture.
Tourism from Mexico also represents the largest single source of visitors to Los Angeles. In order to create new opportunities, I will meet with Mexico's Minister of Tourism, multiple airlines and cruise ship companies to increase flights and cruises to L.A. and promote Los Angeles as a destination.
Finally, I will use this opportunity to strengthen cultural ties with our sister city by taking part in signing agreements between CSUN, Loyola Marymount, and several of their Mexican peers. As the grandchild of Mexican immigrants, I believe our shared history and well-cultivated friendship can be a tremendous asset in expanding the economic opportunities presented by trade.
It is an honor to represent Los Angeles to the world. Everyday, our economy grows stronger and our city's brand remains one of the most universally respected and admired. The time is now for us to reaffirm L.A.'s role as a global leader in innovation, creativity, and an indispensable hub of international trade