North American Business Associations Unite in Support of Extending USMCA

Washington - Today, Business Roundtable, the Business Council of Canada and the Mexican Business Roundtable issued the following statement on the first joint review of the U.S.-Mexico-Canada Agreement (USMCA):

"North American trade and integrated manufacturing networks have provided significant economic benefits in the United States, Mexico and Canada for decades. Since USMCA took effect, cross-border economic activity has increased, bolstering growth, job creation and competitiveness in all three countries.

"As the first joint review approaches, we urge the Parties to work expeditiously to extend and strengthen USMCA. Preserving this vital trilateral partnership, enhancing cooperation on economic security and restoring duty-free treatment for all USMCA-compliant goods would bolster the long-term prosperity of businesses and workers in the United States, Mexico and Canada."

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Business Roundtable: Business Roundtable is an association of more than 200 chief executive officers (CEOs) of America's leading companies, representing every sector of the U.S. economy. Business Roundtable CEOs lead U.S.-based companies that support one in four American jobs and almost a quarter of U.S. GDP. Through CEO-led policy committees, Business Roundtable members develop and advocate directly for policies to promote a thriving U.S. economy and expanded opportunity for all Americans.

Business Council of Canada: The Business Council of Canada is an organization representing 170 business leaders of Canada's largest companies from every region of the country and sector of the economy. The Council's member companies employ more than 2 million Canadians, contribute the largest share of federal corporate taxes, are responsible for most of Canada's exports, corporate philanthropy and private-sector investments in research and development, and support many hundreds of thousands of small businesses and entrepreneurs in communities of all sizes, in every part of Canada.

Consejo Mexicano de Negocios (CMN): The Mexican Business Roundtable is a civil association founded in 1962 formed by 55 Mexican business leaders committed to promoting the social welfare and economic development of Mexico. For more than 63 years, CMN has maintained an open and continuous dialogue with representatives of the government, civil society, academia, and other business organizations, to work together for the benefit of Mexico. Its purpose is to promote the prosperity of Mexico to build a fair, free and inclusive country. CMN companies operate in more than 80 countries, employ more than 2 million people and invest more than 30 billion dollars globally each year.