In a recent address at the 20th Annual International State of the State, Arizona Governor Hobbs reported unprecedented growth in the state's global partnerships and international trade. "Exports from Arizona businesses rose by 12% to 32 billion dollars in 2024," Governor Hobbs announced, as detailed by a transcript released by the Office of the Arizona Governor.
In what could only be described as a tour de force of expansive economic outreach, the gathering boasted a strong diplomatic presence, with more than 50 consuls general, trade ministers, and diplomatic partners from over 35 countries. Hobbs proudly outlined the scope of Arizona's international relations and credited these partnerships for bolstering the state's economic might. "This is America’s manufacturing hub at work," said Hobbs, underscoring the state's leading role in advanced manufacturing and innovation.
Among the many achievements Governor Hobbs highlighted were the explosive growth in Arizona's tech sector and significant foreign investment figures. TSMC's 100 billion dollar expansion commitment into Arizona tech sectors was specifically lauded as a transformative move for the state's economy. Moreover, Hobbs positioned Arizona as a key player in international trade, with trade reaching a record 74.4 billion dollars.
Arizona's technological prowess received special mention with the recent selection as one of only three flagship facilities for the National Semiconductor Technology Center (NSTC). This marks a significant moment for the state, securing its status as a resilient and robust technology hub. "We're just getting started," said Hobbs, inevitably summarizing the sense of optimism stemming from these developments.
In respect to the state's neighborly relations, Hobbs highlighted Mexico as Arizona's top trading partner, with exports increasing by nearly 1 billion and total trade topping a record 20 billion. These figures not only reflect the depth of bilateral ties but also the strategic importance of the region.
Furthermore, Hobbs pointed to enduring and emerging partnerships, such as those with Taiwan and the Netherlands, which have resulted in reciprocal trade offices and Memoranda of Understanding aimed at research and workforce development. These collaborations, the Governor implied, play more than just an economic role; they create long-lasting friendships that transcend administrations and benefit societies at large.
To safeguard these gains against policy turbulence, Governor Hobbs signaled a commitment to speaking against harmful tariffs and tax hikes. "I will make sure Arizona continues its strides forward with Mexico and Canada as key partners," assured Hobbs, keeping an eye towards the 2026 joint review of the US-Mexico-Canada Agreement.
As Governor Hobbs concluded his address, the overall message was clear: Arizona's international relations are a cornerstone of its prosperity and will undoubtedly pave the way for future technological advancements and economic opportunities for its citizens.
