MEMA Statement on USMCA Entry Into Force-July 1, 2020
Today’s United States Mexico Canada Agreement (USMCA) entry into force is a strong, bipartisan achievement by Congress and the Trump Administration. The USMCA will strengthen North American supply chains as well as U.S. job creation and economic growth. With 90 percent support in Congress, the USMCA may prove to be a new model for trade in the hemisphere and beyond.
MEMA was one of the earliest supporters of the UMSCA, as we understood it would enhance the regional economy in our sector. MEMA is grateful for the transparent process with which USTR has engaged stakeholders on the new automotive rules of origin issues. However, these changes will not be without challenges for our members to implement. As implementation moves forward, MEMA intends to stay active and address these challenges.
Finally, MEMA salutes President Donald Trump, Prime Minister Justin Trudeau of Canada, and President Andrés Manuel López-Obrador of Mexico for their leadership on this momentous day. We also appreciate the hard work of our fellow vehicle and parts associations in all three countries to achieve a positive USMCA outcome.