Greater Irvine Chamber Part of Nationwide Coalition Urging Congress to Pass USMCA
Wednesday, December 18, 2019
The Greater Irvine Chamber is part of a coalition of chambers of commerce and business and agriculture organizations from across the United States to urge members of the United States Congress to support the U.S.-Mexico-Canada Agreement (USMCA). The agreement is critical to the nation’s economic future because it will preserve and strengthen U.S. trade ties to Canada and Mexico.
“The recent ‘handshake’ agreement between the administration and lawmakers signals historic progress toward the modernization of trade rules that will benefit international commerce for America and our region,” said Bryan Starr, president and CEO, Greater Irvine Chamber. “Irvine is the economic center and economic powerhouse of Orange County. Our companies—whether global organizations or local businesses—have a significant impact on the region’s trade economy. To ensure we continue to succeed economically, the congressional passage of the USMCA is vitally important to Irvine.”
More than 12 million American jobs depend on trade with Canada and Mexico. U.S. manufacturers export more made-in-America manufactured goods to our North American neighbors than they do to the next 11 largest export markets combined, and the two countries account for nearly one-third of U.S. agricultural exports. They are also the top two export destinations for U.S. small- and medium-size businesses, more than 120,000 of which sell their goods and services to Canada and Mexico.
Approval of USMCA will ensure U.S. manufacturers, farmers, and service providers can continue to access the Canadian and Mexican markets. The new pact guarantees that virtually all U.S. exports will enter these markets tariff-free.
USMCA will also modernize North American trade rules. For example, when NAFTA was negotiated a quarter century ago, there was no e-commerce; consequently, the agreement did not address this sector. While no trade agreement is perfect, USMCA’s updated trade rules in areas such digital trade, services, and non-tariff barriers promise substantial benefits.
By creating a level playing field for trade in North America, USMCA will help U.S. companies and the workers they employ compete in our top two export markets. The case for the agreement’s approval is strong.
For a full list of the business and agricultural organizations, and chambers of commerce from throughout the nation that are urging for the passage of the USMCA, visit USChamber.com.
Category: Chamber News, International Trade, Economic Development