For Immediate Release
March 14, 2020
Washington D. C. – The United States Hispanic Chamber of Commerce (USHCC) applauds Canada’s passage of the U.S.-Mexico-Canada Agreement (USMCA) and the leadership of Canadian Prime Minister Justin Trudeau’s administration. The approval by Canada kicks off a three-month period for all three signatory countries to agree on implementation regulations, including naming each country’s representatives for the conflict resolution period to unleash the economic development power of USMCA.
This historic agreement promises to modernize trade between the U.S., Mexico, and Canada and break down critical barriers that will allow for economic expansion with our neighboring countries. The USMCA provides strong rules of trade between our countries and further ensures that all businesses, especially small to medium-sized firms have equitable opportunity to participate in the economic benefits of free trade. This trilateral trade deal will have a sizeable economic impact with tangible outcomes for the Hispanic business community in the United States.
As a continent we need 21st century trade policies that evolve our economic growth for the prosperity of all business. This modernized trade agreement capitalizes on integrated supply chains that link manufacturers with their counterparts throughout North America which allows them to expand and contribute largely to the global economy.
“Together, united as a continent, the United States, Mexico, and Canada have chosen to seize the opportunity,” said Ramiro A. Cavazos, President and CEO of the USHCC, “this will enable greater economic growth by making trade more efficient. As we unite to expand trade, we must collaborate effectively so that American business can continue to expand and prosper while leveraging the business interests of our neighbors to the north and south.”
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About the USHCC
The USHCC actively promotes the economic growth, development, and interests of more than 4.37 million Hispanic-owned businesses, that combined, contribute over $700 billion to the American economy every year. It also advocates on behalf of 260 major American corporations and serves as the umbrella organization for more than 200 local chambers and business associations nationwide. For more information, please visit ushcc.com. Follow us on Twitter @USHCC.