For the first time in over half a century, the U.S. and Mexico are entering into a robust energy partnership between our 2 countries. Hopefully this momentum will extend to other areas of trade, investment, and mutual cooperation, renewing the North American Alliance and strengthening our economy. The Transboundary Hydrocarbon Agreement will provide a way for the United States and Mexico to pursue the joint development of shared energy resources. This agreement resolves claims to a dispute area in the Gulf of Mexico so that the energy resources can be developed and the benefits can be shared by both Nations.