The Household & Commercial Products Association (HCPA) released the following statement today, attributed to Steve Caldeira, President & CEO of HCPA, after the Canadian Parliament ratified the U.S.-Mexico-Canada Agreement (USMCA). The U.S. and Mexico had already signed the trade pact, so Canada’s approval makes the deal official.
“This agreement with Mexico and Canada ensures that the U.S. will continue to have reliable trade between our closest neighbors and strongest allies. The USMCA replaces the North American Free Trade Agreement (NAFTA), and includes changes on automobile manufacturing and new policies on labor standards.
The USMCA will significantly benefit American farmers, manufacturers and workers across the entire United States. The International Trade Commission (ITC) expects the deal to increase U.S. GDP by $68.2 billion and create 176,000 jobs by the time it is fully implemented.”