San Antonio Business Journal - Congressman Joaquin Castro leading U.S.-Japan Caucus in the House

Mar 24, 2014
In The News

U.S. Rep. Joaquin Castro, D-San Antonio, is helping to launch a new bipartisan caucus in the House of Representatives to promote relations between the United States and Japan.

Castro is co-leading the U.S.-Japan Caucus with U.S. Rep. Devin Nunes, R-Calif. The new caucus officially kicked off on March 24 and currently has 62 members.

“I’m thrilled to help establish this bipartisan caucus and further strengthen the relationship between the U.S. and Japan on a range of issues, including international economics, national security and international development,” Castro says. “As a Representative of San Antonio, it is especially important to continue to maintain and develop Texas’ strong economic and cultural ties with Japan. Not only is Kumamoto San Antonio’s sister city, but also Japan is the 4th largest contributor of foreign direct investment in Texas with over 30 business projects in the state.”

Texas is among the top 10 destinations for Japanese foreign direct investment projects, according to the Texas Governors’s office. From 2008 through 2012, those projects are extimated to have generated almost $2.5 billion in investments and created more than 4,000 jobs.