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Numerous trade associations and manufacturing businesses are calling on both the House and Senate to pass the United States-Mexico-Canada Agreement.
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The National Waste & Recycling Association (NWRA) joined the National Association of Manufacturers and numerous other trade associations and businesses representing the manufacturing sector on a letter to Congress urging passage of the United States-Mexico-Canada Agreement (USMCA) as soon as possible.
North America is the most significant market for the United States globally, with Canada and Mexico purchasing one-fifth of the total value of U.S. manufacturing output. Canada and Mexico, despite representing less than 4 percent of the global economy, buy more U.S.-manufactured goods than America's next 11 trading partners combined.
"NWRA supports passage of USMCA to promote certainty and growth for American businesses," said NWRA President and CEO Darrell Smith in a statement. "This new trade agreement will expand domestic manufacturing and increase access to the Canadian and Mexican markets. This not only benefits NWRA's supplier members but can also help alleviate the recycling market issues facing our services members through increased demand for manufacturing feedstock."
According to the letter, the USMCA makes “significant improvements” to the 25-year-old North American Free Trade Agreement and includes provisions that will:
Strengthen and Modernize America’s Innovation Engine: The USMCA includes intellectual property rules that will help protect the full range of U.S. manufacturing inventions and innovations from theft and set new standards for the 21st century digital economy that will prohibit distortive measures that undermine American innovation.
Expand U.S. Manufacturing Access to Canada and Mexico: The USMCA will maintain and improve duty-free market access to Canada and Mexico, eliminating red tape at the border and making it easier for small- and medium-sized businesses to sell into these markets.
Level the Playing Field: The USMCA will raise standards, improve transparency and prohibit both anti-U.S. discrimination and anti-competitive activity while providing the same binding enforcement for all obligations in the agreement.
In their letter, manufacturers are calling on both the House of Representatives and the Senate to make consideration and approval of the USMCA a top priority this fall.
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