Why Fight For The USMCA?
The Metals Service Center Institute (MSCI) is a North American trade association that represents more than 285 businesses with almost 2,400 locations in North America and around the globe. As such, the organization strongly supports the North American Free Trade Agreement (NAFTA) and its proposed replacement, the United States Mexico Canada Agreement (USMCA). (Click here to read MSCI’s comments from 2017 advising the Office of the U.S. Trade Representative on the metals industry’s priorities for NAFTA replacement.)
To help advance the USMCA through the U.S. Congress, MSCI has joined the USMCA Coalition, a group overseen by the National Association of Manufacturers (NAM) that includes more than 380 companies and associations from across the United States. The coalition has one straightforward objective: secure U.S. congressional approval of the USMCA. Its website serves as a clearinghouse for information about the proposed trilateral trade pact, and why passage of the agreement is so important.
Here are just few reasons why MSCI supports the USMCA:
- Trade with Canada and Mexico supports 12 million American jobs, and 49 U.S. states count Canada or Mexico as one of their top three merchandise export markets.
- S. goods exports to Canada and Mexico have expanded far more since the 2007-2009 recession than U.S. exports to any other country, accounting for about 40 percent of the growth in overall U.S. goods exports in dollar terms.
- S.-manufactured goods exports to Canada and Mexico support the jobs of more than 2 million men and women at more than 43,000 manufacturing firms across the United States.
As part of the coalition’s efforts, MSCI members are invited to join manufacturers from across the country in Washington, D.C. on July 17 to urge Congress to pass the USMCA. Click here for complete details about the event, and to register.