MEMA Statement on 3-Party NAFTA Deal
MEMA has been a leading voice in Washington and around the country advocating for a positive renegotiation of the North American Free Trade Agreement (NAFTA), and we are pleased that the United States, Mexico, and Canada have been able to reach an agreement. It is critical that all three parties be a part of the agreement. The previous NAFTA, nearly 25 years old, was due for modernization while ensuring the open and free market our members rely upon to remain globally competitive. The potential strength and longevity of this agreement will be in the details. In the coming days, MEMA will be carefully reviewing the agreement to gauge how its provisions and rules will affect motor vehicle parts manufacturing, the largest sector of manufacturing jobs in the United States. Meanwhile, MEMA applauds the three countries, who have worked hard over the last several months to reach this agreement, for their persistence and determination in creating a new NAFTA that helps protect and preserve American jobs.