Washington, D.C., October 1, 2018 – The United States Council for International Business (USCIB), which represents America’s most successful global companies, issued the following statement on the Trump administration’s announcement of a United States-Mexico-Canada Agreement (USMCA), modernizing the North American Free Trade Agreement (NAFTA):
“We welcome the conclusion of a trilateral agreement between the United States, Mexico and Canada on the modernization of NAFTA, which is a longtime priority for our members and American business more broadly.
“The North American market is very important to the success of our members, and keeping the region economically integrated is vital for U.S. companies to remain competitive in the global market.
“The USMCA contains numerous provisions important to our members, recognizing the many changes in the North American and global economies since the original agreement was signed a quarter-century ago. We look forward to reviewing the details of the agreement to ensure that it addresses our key concerns and priorities in lowering barriers to cross-border trade and investment.”
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.
Jonathan Huneke, VP Communications
+1 212.703.5043 or email@example.com