Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement welcoming the announced deal to move forward the U.S.–Mexico–Canada Agreement:
Manufacturers support the USMCA, and we are encouraged that the administration and House Democrats have forged a path forward, with the support of Canada and Mexico as well. To be sure, as with any agreement of this nature, not every objective that we sought was met. For instance, we are extremely disappointed that the agreement missed an opportunity to set the gold standard for the protection of American-made lifesaving innovations and inventions. Protection of intellectual property is a key principle and critical for the long-term vitality of the manufacturing industry and the men and women who work in our sector.
Nevertheless, a ratified USMCA will deliver increased certainty for manufacturers—especially for the 2 million manufacturing workers whose jobs depend on North American trade.
This has been a long process, and manufacturers will continue to work closely with the administration and both the House and Senate to approve the USMCA by the end of this year. We deeply appreciate the hard work of the Trump administration, particularly the United States Trade Representative, Ambassador Bob Lighthizer, as well as leaders of both parties in Congress who have brought us to this point and continue to listen to manufacturers.
The National Association of Manufacturers is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.8 million men and women, contributes $2.38 trillion to the U.S. economy annually, has the largest economic multiplier of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.