A group of business organizations wants Congress to ratify the U.S.-Mexico-Canada Agreement. Led by the National Association of Manufacturers, the group of more than 350 associations and businesses sent a letter to Congress urging approval of the agreement. The groups support the call by saying, "Canada and Mexico alone, despite representing less than four percent of the global economy, buy more U.S.-manufactured goods than our next 11 trading partners combined."
Mexico's government has ratified the USMCA. It now awaits approval from lawmakers in Canada and the United States. Canada is expected to ratify the agreement following its national elections later this month. The coalition says USMCA would spur economic growth and provide much-needed certainty for manufacturers across North America.
The letter also says the deal includes “best-in-class” intellectual property rules and would expand U.S. manufacturing access to Canada and Mexico, while providing a level playing field. Signatories on the letter include international agribusiness and food companies, along with animal feed and food manufacturing associations.