Trade with Canada and Mexico supports 14 million American jobs, and if NAFTA is successfully modernized, more opportunities will be available for American companies, farmers, ranchers, and workers. Lowering trade barriers and opening markets will result stronger economic growth, higher-paying jobs, and stronger communities.
We urge the administration to consider the NAFTA’s amendment process, and continue on the path the Administration — to its credit — set forth in its letter of notification to Congress, hewing to the course laid out in the Trade Priorities and Accountability Act of 2015.
Canada is the top U.S. export market in the world. In addition, our nations’ supply chains and workforces our deeply interwoven and interdependent, particularly in critical sectors like automotive, information technology and energy production.
Last week, the U.S. Chamber launched “Faces of Trade,” a media campaign aimed at highlighting entrepreneurs and companies whose success depends on U.S. trade. These businesses are from all over the nation and cross many different industries. Over the coming weeks, each will offer their testimony on what impacts them the greatest and how trade plays an integral part in their success.
As the debate over trade continues to unfold, many small businesses around the country are watching with keen interest—their success depends on the outcome. Too often trade is thought of as an issue for large multinational companies, but, in reality, 98% of U.S. exporters are small and medium-size businesses. To help tell their stories, the U.S. Chamber of Commerce recently launched a new multimedia campaign called Faces of Trade.
The U.S. business and agriculture communities have come together to speak out in support of NAFTA and moves to modernize it — carefully, prudently, and holding fast to its many elements that are working well.
Trade with Canada and Mexico is a significant driver of U.S. economic growth. More than 125,000 small and medium-size businesses export to our two North American neighbors, and they are our largest export markets by far. Most important, trade with Canada and Mexico supports 14 million American jobs. NAFTA is the foundation of this prosperous relationship, and as our nation engages in a debate over its future, we must start by acknowledging the value of the deal to our economic well-being.
No matter how you take it – classic or flavored, frozen or on the rocks – every margarita you enjoy this week (and all summer long, for that matter) will likely feature several ingredients that were produced outside the United States. Sit back and sip on these statistics.
For over two decades, a rising tide of commerce between the United States and Mexico has boosted growth and trade, supporting millions of American jobs and delivering benefits for both countries.
We are encouraging the administration to take the same pragmatic, fact-based approach to NAFTA. We have stressed in all of our meetings with top administration officials that the U.S.-Mexico relationship be preserved and strengthened. We are open to change and improvement, but we must begin with a fundamental commitment to a thriving and interdependent U.S.-Mexico partnership.