Launched in 2014, the U.S.-Mexico Bilateral Forum on Higher Education, Innovation, and Research (FOBESII) seeks to "expand opportunities for educational exchanges, scientific research partnerships, and cross-border innovation to help both countries develop a 21st century workforce for both our mutual economic prosperity and sustainable social development." It aims to promote binational cooperation in higher education and research, especially regarding important areas for innovation in the United States and Mexico, by promoting programs for student mobility, academic exchange, research, and innovation in areas of common interest to contribute to the competitiveness of the region.

Cultural and educational exchanges help to create connections between the people and institutions of the United States and Mexico via exchange programs, scholarships, grants, and joint research.  Increasing educational exchanges and strengthening workforce development and innovation, particularly in STEM areas, will allow the United States and Mexico, and North America as a whole, to compete in global markets. Thus, FOBESII has the potential to build a more prosperous future for both the United States and Mexico.

Nonetheless, this short paper argues that, while FOBESII has done much to expand educational exchanges, increase joint research, and promote innovation, it has yet to achieve its stated goals and continues to face serious challenges. We argue that to overcome these challenges, future initiatives must focus on advancing private sector engagement, workforce development, and improving public communication and outreach. FOBESII continues to be a relevant and important initiative, but it is in urgent need of restructuring and redirection if it is to make a significant contribution to bilateral affairs and regional competitiveness.