Association of Equipment Manufacturers praises USMCA Senate passage
The U.S. Senate has implemented language to ratify the US-Canada-Mexico Agreement
The Association of Equipment Manufacturers senior vice president of government and industry relations, Kip Eideberg, has issued the following statement on the U.S. Senate passing implementing language to ratify the United States-Canada-Mexico Agreement:
"Equipment manufacturers, farmers, and hardworking families across the country are thankful for today's full congressional ratification of the United States–Mexico–Canada Agreement (USMCA)," said Kip Eideberg, AEM senior vice president of government and industry relations. "This new agreement updates the current, decades-old trade deal, supporting a modernized global marketplace. As members of the USMCA Coalition, we are proud to have joined more than 600 associations and business groups in advocating for a stronger trade deal that will add up to $68 billion to our economy,, and preserve duty-free market access to our Canadian and Mexican trading partners. We applaud President Trump, Vice President Pence, Senate Majority Leader McConnell, and House Speaker Pelosi for their efforts to negotiate and ratify the agreement."
Since the creation of NAFTA two decades ago, equipment manufacturers have benefited greatly from duty-free market access to the industry's two largest export markets, Canada and Mexico. Equipment manufacturers support 1.3 million jobs in the U.S. and 149,000 in Canada. The industry also contributes $188 billion to the U.S. and Canadian economies.
Over the past two years, the AEM has called on both the Trump Administration and Congress to deliver an updated North American trade agreement for the 21st century.