Smith Statement on USMCA Implementation
Washington, D.C. – Congressman Adrian Smith (R-NE), released the following statement after the United States-Mexico-Canada Agreement (USMCA) went into effect on July 1, 2020. The USMCA improves upon the North American Free Trade Agreement (NAFTA), which was signed more than 25 years ago, while the benefits of NAFTA to Nebraska agriculture remain intact for a future generation.
Canada and Mexico represented more than $3.5 billion in trade exports from Nebraska in 2018 and almost a third of all U.S. farm and food exports went to our North American neighbors. According to National Association of State Departments of Agriculture, the USMCA will lead to $450 million in expanded market access for U.S. agricultural exports.
“After years of negotiating, legislating and implementing, today we see the fruits of our labor. This groundbreaking agreement with Canada and Mexico – who are not just our neighbors, but our two best customers– will bring benefits for Nebraska’s farmers, ranchers, manufacturers, and consumers for years to come.
However, our work is not done. Kenya, the UK, and Japan all provide outstanding opportunities to develop first-rate trade agreements, and I look forward to working with the administration to continue finding new customers for Nebraska’s world-class production.”
Smith, a senior member of the Committee on Ways and Means, which has jurisdiction over trade, travelled to Ottawa and Mexico City to attend USMCA negotiations and served on the Republican whip team supporting USMCA enactment when it passed the House in December.