Free trade agreements of Canada

Statement by the Deputy Prime Minister on the introduction of legislation to implement the new NAFTA

Retrieved on: 
Wednesday, January 29, 2020

"Throughout the negotiations, our objective was to defend the national interest, preserve jobs, and foster economic growth across the country.

Key Points: 
  • "Throughout the negotiations, our objective was to defend the national interest, preserve jobs, and foster economic growth across the country.
  • We worked tirelessly to uphold Canadians' interests and values, and achieve a consensus on issues that are important to all Canadians.
  • "The new NAFTA is a victory for all Canadians, of every political view, and in all regions of the country.
  • "The government looks forward to working with all Members of Parliament and Senators to swiftly ratify the new NAFTA in the interest of our economy, Canadian families, and hundreds of thousands of Canadian workers."

Blue Diamond Growers Applauds the Presidential Signing of USMCA

Retrieved on: 
Wednesday, January 29, 2020

SACRAMENTO, Calif., Jan. 29, 2020 /PRNewswire/ -- Blue Diamond, the world's leading almond marketer and processor of California almonds, applauds President Trump for signing the United States Mexico Canada Agreement.

Key Points: 
  • SACRAMENTO, Calif., Jan. 29, 2020 /PRNewswire/ -- Blue Diamond, the world's leading almond marketer and processor of California almonds, applauds President Trump for signing the United States Mexico Canada Agreement.
  • Canada and Mexico are key countries for the California almond industry and Blue Diamondwith an export value of $256 million.
  • Free trade agreements like the USMCA provide the continued growth and equal playing field needed for Blue Diamond and the California almond industry to thrive.
  • "The USMCA represents a renewal and modernization of a decades-long partnership between Canada, Mexico and the United States," said Mark Jansen, President and CEO for Blue Diamond Growers.

SBA Administrator Carranza: USMCA to Benefit America's 30 million Small Businesses; Enabling Continued Growth & Upward Mobility

Retrieved on: 
Wednesday, January 29, 2020

Thirty-six percent of Latino-owned businesses earn most of their revenue online, compared to 18% of other small businesses, and this new framework will make it easier to sell products to consumers in Canada and Mexico by eliminating complex and cost-prohibitive rules requiring small businesses to open foreign offices.

Key Points: 
  • Thirty-six percent of Latino-owned businesses earn most of their revenue online, compared to 18% of other small businesses, and this new framework will make it easier to sell products to consumers in Canada and Mexico by eliminating complex and cost-prohibitive rules requiring small businesses to open foreign offices.
  • "As a result of this President's leadership on trade, $68 billion in new economic activity will be generated, and an estimated 176,000 new jobs will be created, helping to further fuel upward mobility in communities that need it most."
  • Click here to learn more about the USMCA.
  • To learn more, visit www.sba.gov .

CAGW Praises President Trump for Signing USMCA

Retrieved on: 
Wednesday, January 29, 2020

Today, President Trump signed the U.S.-Mexico-Canada Agreement (USMCA) into law, marking another promise kept and a major legislative victory under his presidency.

Key Points: 
  • Today, President Trump signed the U.S.-Mexico-Canada Agreement (USMCA) into law, marking another promise kept and a major legislative victory under his presidency.
  • Citizens Against Government Waste (CAGW) President Tom Schatz issued the following statement:
    "Todays signing of the U.S.-Mexico-Canada Agreement by President Trump is a vital upgrade to the 25-year-old North American Free Trade Agreement.
  • The President overcame many obstacles to get this agreement approved by Mexico and Canada, and particularly by Congress.
  • On behalf of CAGWs more than one million members and supporters, I would like to thank President Trump for signing this essential agreement into law."

USMCA Signing Will Pave Way to Stronger Economy, Trucking Industry

Retrieved on: 
Wednesday, January 29, 2020

"Today's signing ceremony is the beginning of the next phase in our strong and productive relationship with Mexico and Canada," said ATA President and CEO Chris Spear.

Key Points: 
  • "Today's signing ceremony is the beginning of the next phase in our strong and productive relationship with Mexico and Canada," said ATA President and CEO Chris Spear.
  • We commend President Trump for making this a top priority of his presidency and seeing it through to completion."
  • USMCA is projected to increase annual U.S. exports to Canada and Mexico by a combined $33 billion above the current NAFTA baseline.
  • The agreement is also expected to increase U.S. GDP by $68 billion, stimulating broad sectors of the economy that the trucking industry serves, like agriculture and manufacturing.

USW: Work Ahead to Ensure USMCA Improvements

Retrieved on: 
Wednesday, January 29, 2020

"The original USMCA, which the administration negotiated in 2018, was inadequate and left workers in all three countries vulnerable.

Key Points: 
  • "The original USMCA, which the administration negotiated in 2018, was inadequate and left workers in all three countries vulnerable.
  • "Thanks to the improvements we fought for and won, this USMCA is significantly better than the original, and the USW supports it.
  • "There is still a great deal of work to do, however, to ensure that corporations stop exploiting workers in their quest for larger and larger profits.
  • For all who supported this agreement, the work is just beginning to ensure it lives up to all its promises.

NRF Welcomes Signing of USMCA Legislation

Retrieved on: 
Wednesday, January 29, 2020

The National Retail Federation welcomed todays signing by President Trump of legislation to implement the United States-Mexico-Canada Agreement.

Key Points: 
  • The National Retail Federation welcomed todays signing by President Trump of legislation to implement the United States-Mexico-Canada Agreement.
  • We hope to see the Canadian Parliament ratify the USMCA as soon as possible so the benefits of free trade in North America can continue uninterrupted.
  • NRF has been a leading supporter of the administrations efforts to modernize the North American Free Trade Agreement , and Shay was at the White House today as Trump signed the legislation into law.
  • The USMCA bill was approved by the House in December and by the Senate earlier this month.

SBA Administrator Carranza Statement on Senate Passage of U.S.- Mexico-Canada Agreement

Retrieved on: 
Thursday, January 16, 2020

"Today's passage of USMCA is a win for American small businesses and the nation's economy," Administrator Carranza said.

Key Points: 
  • "Today's passage of USMCA is a win for American small businesses and the nation's economy," Administrator Carranza said.
  • President Trump continues to follow through on his commitment to modernize and implement free and fair-trade agreements that greatly benefit our nation.
  • This is another example of the President's insight into our economy and his unwavering support of U.S. small businesses."
  • To learn more, visit www.sba.gov.

IBC Bank Lauds Congressional Passage of USMCA

Retrieved on: 
Thursday, January 16, 2020

IBC Bank has been integrally involved in promoting North American Free Trade since the initial negotiation of NAFTA in the 1990s, through the more recent negotiation of USMCA.

Key Points: 
  • IBC Bank has been integrally involved in promoting North American Free Trade since the initial negotiation of NAFTA in the 1990s, through the more recent negotiation of USMCA.
  • Gerald Schwebel, executive vice president of the Corporate International Division of IBC Bank, is widely regarded as a leading expert on international trade and finance.
  • Schwebel frequently represents IBC Bank and its customers with top government and business leaders in the United States, Mexico and Canada.
  • As a community bank, IBC Bank is committed to creating economic opportunity in the communities it serves.

ATA Applauds Ratification of USMCA Trade Deal

Retrieved on: 
Thursday, January 16, 2020

"Trade is central to the trucking industry 76% of all surface freight between the U.S. and our nearest neighbors moves by truck so the newly ratified USMCA will be a boon to our economy and our industry," said ATA President and CEO Chris Spear.

Key Points: 
  • "Trade is central to the trucking industry 76% of all surface freight between the U.S. and our nearest neighbors moves by truck so the newly ratified USMCA will be a boon to our economy and our industry," said ATA President and CEO Chris Spear.
  • USMCA is projected to increase annual U.S. exports to Canada and Mexico by a combined $33 billion above the current NAFTA baseline.
  • "NAFTA was the oldest of our 17 trade agreements and due for the sorts of modernization that USMCA made," said ATA Chief Economist Senior Vice President of International Trade Policy and Cross-Border Operations Bob Costello.
  • Because trucks move 70% of all freight in the U.S., implementation of USMCA will have direct benefits to the trucking industry."