International trade and investment office: Mexico.

(1) The Economic Revitalization Act establishes the Governor's Office of Business and Economic Development, also known as "GO-Biz," to, among other duties, serve the Governor as the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth. Existing law authorizes the director of GO-Biz to establish and terminate international trade and investment offices outside of the United States as he or she determines is appropriate, if specific requirements are met. Existing law establishes the Economic Development and Trade Promotion Account, a continuously appropriated account, to accept private moneys to fund international trade and investment offices. This bill would, notwithstanding provisions authorizing the director of GO-Biz to establish and terminate international trade and investment offices outside of the United States if specified conditions are satisfied, and to the extent private moneys are available, require the director of GO-Biz, on or before January 1, 2016, to establish and operate, or to create a public-private partnership to establish and operate, an international trade and investment office in Mexico City, Mexico. This bill would require the director of GO-Biz to include information regarding the Mexico City trade and investment office in existing reporting requirements relating to an International Trade and Investment Program, as specified. This bill would require GO-Biz to accept and administer private moneys through the Economic Development and Trade Promotion Account. By expanding the use of a continuously appropriated account, this bill would make an appropriation. This bill would require the Mexico City trade and investment office to, among other things, promote the export of California goods and services into Mexico and facilitate access to educational exchange programs between California and Mexico. (2) Existing law requires the director of GO-Biz to develop an International Trade and Investment Program for the state and to submit the strategy and business plan for the International Trade and Investment Program to the Chief Clerk of the Assembly, the Secretary of the Senate, the Speaker of the Assembly, the President pro Tempore of the Senate, the chair of the Assembly Committee on Jobs, Economic Development, and the Economy and the chair of the Senate Committee on Business, Professions and Economic Development, or respective successor committees, with jurisdiction over the international trade and economic development programs. This bill would also require the director of GO-Biz to submit the strategy and business plan to the Senate Select Committee on California-Mexico Cooperation.