Free trade areas

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."

NRF Welcomes Senate Passage of USMCA

Retrieved on: 
Thursday, January 16, 2020

The National Retail Federation welcomed todays Senate passage of the United States-Mexico-Canada Agreement.

Key Points: 
  • The National Retail Federation welcomed todays Senate passage of the United States-Mexico-Canada Agreement.
  • The world has changed dramatically since the United States, Canada and Mexico first agreed to tear down barriers to free trade a quarter-century ago, NRF President and CEO Matthew Shay said.
  • NRF has been a leading supporter of the administrations efforts to modernize the North American Free Trade Agreement .
  • The USMCA was approved by the House in December and now goes to President Trump for his signature.

CRU: USMCA Should Support Regional Aluminium Demand but not Without Complications and Risks

Retrieved on: 
Tuesday, January 7, 2020

The US Aluminium Association was quick to endorse the new USMCA but stated that "strong import monitoring and trade enforcement are vital to effective USMCA implementation."

Key Points: 
  • The US Aluminium Association was quick to endorse the new USMCA but stated that "strong import monitoring and trade enforcement are vital to effective USMCA implementation."
  • One area of concern among US producers is transshipment of aluminium products from China through Mexico and into the US.
  • However, this is not happening in the form of unwrought aluminium and semis, where US imports from Mexico have declined in recent years.
  • Aluminium industry officials fear that Mexico will become "a back door for China to push aluminium into the US."

CRU: USMCA Should Support Regional Aluminium Demand but not Without Complications and Risks

Retrieved on: 
Tuesday, January 7, 2020

The US Aluminium Association was quick to endorse the new USMCA but stated that "strong import monitoring and trade enforcement are vital to effective USMCA implementation."

Key Points: 
  • The US Aluminium Association was quick to endorse the new USMCA but stated that "strong import monitoring and trade enforcement are vital to effective USMCA implementation."
  • One area of concern among US producers is transshipment of aluminium products from China through Mexico and into the US.
  • However, this is not happening in the form of unwrought aluminium and semis, where US imports from Mexico have declined in recent years.
  • Aluminium industry officials fear that Mexico will become "a back door for China to push aluminium into the US."

Nation's Mayors Applaud House Passage Of USMCA

Retrieved on: 
Friday, December 20, 2019

WASHINGTON, Dec. 20, 2019 /PRNewswire/ --Below is a statement from Bryan K. Barnett, President of the United States Conference of Mayors and Mayor of Rochester Hills (MI) on today's passage of the United States-Mexico-Canada Agreement (USMCA) in the U.S. House of Representatives:

Key Points: 
  • WASHINGTON, Dec. 20, 2019 /PRNewswire/ --Below is a statement from Bryan K. Barnett, President of the United States Conference of Mayors and Mayor of Rochester Hills (MI) on today's passage of the United States-Mexico-Canada Agreement (USMCA) in the U.S. House of Representatives:
    "The nation's mayors applaud the House passage of the reworked USMCA, the new trade deal for North America.
  • USMCA is widely considered to be an improvement over NAFTA, with businesses valuing the certainty the agreement provides and workers' rights advocates appreciating USMCA addressing Mexican Labor Law reform.
  • "Mayors have continually called for the bipartisan spirit that guided these discussions and made this agreement possible.
  • About the United States Conference of Mayors --The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more.

CTA Applauds Progress on New NAFTA

Retrieved on: 
Thursday, December 19, 2019

The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA), regarding the United States-Mexico-Canada Agreement (USMCA):

Key Points: 
  • The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA), regarding the United States-Mexico-Canada Agreement (USMCA):
    We applaud the Houses swift vote today on USMCAthe new NAFTA.
  • The Senate now needs to do its partcarry this critical free trade agreement across the finish line and vote on final passage.
  • America is the bastion of the internet economy, and the new NAFTA will help guarantee it stays that way.
  • CTA owns and produces CES the largest, most influential tech event on the planet.