USMCA Coalition Launched to Promote Trade Agreement
A group of industry and agriculture companies and associations has launched the USMCA Coalition, an effort to see the U.S.-Mexico-Canada trade agreement through ratification. The USMCA Coalition is a collection of more than 200 organizations, including the U.S. Chamber of Commerce, the American Farm Bureau Federation, and the Association of Equipment Manufacturers, with an objective “to secure congressional approval” of the trade agreement.
AEM president Dennis Slater says completing the trade agreement will “guarantee North America’s manufacturing competitiveness” and support 1.5 million jobs across the U.S. and Canada. Equipment manufacturers contribute $188 billion combined to the U.S. and Canadian economies. Canada is the largest export market for U.S. manufacturers of heavy equipment and a more than $10 billion per year export market for U.S. equipment manufacturers.
U.S. agricultural exports to Canada and Mexico quadrupled from $8.9 billion in 1993 to $39 billion in 2017, according to AFBF, and the two countries are top markets for U.S. grains, dairy products, meats fresh fruits, and vegetables.