Partnership joins USMCA Coalition, backing new North American trade deal
IRWINDALE, CA - The San Gabriel Valley Economic Partnership has joined the USMCA Coalition, a group of over 250 companies and business groups across the country who strongly support the newly negotiated North American trade deal.
"Trade is vital to the livelihoods of millions of Americans and millions more beyond our borders," said Partnership President & CEO Bill Manis. "39 American states list Mexico or Canada as their top foreign trading partner. This new trade deal is vital for the long-term economic strength of the continent."
The new trade deal known as USMCA is particularly important for small and mid-size companies who's first foray into foreign markets is usually with Canada or Mexico. The USMCA maintains tariff-free access to Mexico for American exporters. For Canada, it maintains the current tariff-free access for 99% of U.S. products and eliminates some remaining barriers facing U.S. dairy and poultry exports. The agreement preserves and strengthens America’s strong trade ties to Canada and Mexico. Importantly, it includes groundbreaking provisions on digital trade, intellectual property, and other issues that will bring North American trade into the 21st century.
For more information about North American trade, click here for a fact sheet.