A note from Tony Garza

Much of the news in the U.S. and Mexico in recent weeks has focused on the spread of the H1N1 flu virus. Thankfully, the spread of the virus appears to be leveling off now, and while concerns remain, Mexicans and Americans alike are accepting the fact that their daily lives will be marked by heightened awareness of the virus and the value of simple prevention. The general consensus about Mexico's response to the virus-on both sides of the border and around the globe-has been largely positive.

To be certain, Mexico's economy has taken a significant hit from those days where business and commerce were officially shuttered, and, in spite of the recent news that travel restrictions into Mexico from the U.S. would be relaxed, the country's tourism sector is at a near standstill. But, the country appears to be poised to recover from the larger global recession over the intermediate term.

The last couple of issues of Perspectives offered my insights into politics and policy matters that impact business on both sides of the border. From time to time, I hope to broaden the perspectives offered here with the addition of "Five Questions," my conversations with business and political leaders. "Five Questions" will feature individuals who understand the unique dynamics of the bilateral relationship between the U.S. and Mexico, as well as the opportunities for growth and investment across the region.

Earlier this month, I had dinner and spent some time with John Chambers, chairman and CEO of Cisco. While there's no doubt the H1N1 virus has had an impact on Mexico, John offers a longer-term view on why we should be bullish and optimistic about Mexico's future. Our discussion came on the heels of his company's landmark announcement of a $5 billion investment in Mexico, and he offers readers of Perspectives keen insight into the role of public-private partnerships in fostering greater competitiveness and prosperity in Mexico and the U.S.

As always, I can be reached through my Web site. Please don't hesitate to contact me if I can be of service to you or your company.

With best wishes, I am,

Sincerely,

Tony Garza

Five questions with Cisco's John Chambers

Ambassador Garza recently visited with John Chambers, chairman and CEO of Cisco, the worldwide leader in networking for the Internet (NASDAQ: CSCO).

Mr. Chambers talked with the ambassador about his company's recent landmark investment in Mexico, leading Mexican President Felipe Calderon to say, "Cisco is a key ally in the country's development." The two also talked about Mr. Chambers' views on the global marketplace and the role of public-private partnerships to foster greater competitiveness and prosperity.

Here, Mr. Chambers offers his own unique perspective to Ambassador Garza.

Ambassador Garza (AOG): You recently traveled to Mexico to meet with President Felipe Calderon and announce an unprecedented private sector investment of $5 billion in the country. Tell us a little about this announcement and what it will do to improve the country's rural connectivity and global competitiveness.

Mr. Chambers (JC): It was an honor and a privilege to meet with President Calderon and to collaborate in this effort. We see tremendous growth and opportunity in Mexico. These investments are part of our long-term commitment to Mexico, and will support Cisco's goals over the next 3-5 years in terms of delivering on the new socio-economic initiatives that we announced in partnership with President Calderon's administration, as well as supporting our ongoing business operations and commitment to the country.

Cisco has been a committed investor in Mexico since 1993, and today we have significant presence in terms of both our supply chain operations in Ciudad Juarez and our country management team here. Our announcement that we will collaborate with Mexico's government on education, digital government and rural connectivity underscores Cisco's continuing confidence in the long-term opportunity we see in Mexico.

I believe that education, infrastructure (including broadband), innovation, supportive government and collaboration are key pillars for the development of any country, and we view our investment as a platform that will enable us to jointly create sustainable growth and opportunities for Mexico and its citizens.

Read more of the conversation with Cisco's John Chambers here.