AEM HAILS NORTH AMERICAN LEADERS ON SIGNING USMCA, URGES IMPLEMENTATION
Washington, D.C. - Association of Equipment Manufacturers (AEM) issued the following statement today on the recent signing of the United States Mexico Canada Agreement (USMCA) by U.S., Mexican, and Canadian leaders:
“Equipment manufacturers applaud the recent signing of the USMCA and are advocating for its quick implementation,” said Dennis Slater, president of AEM. “Ratifying the USMCA will ensure North America’s manufacturing competitiveness and supports our industry’s nearly 1.5 million men and women working across the U.S. and Canada.”
Nearly 30 percent of all equipment produced in the U.S. is intended for export. Since the creation of NAFTA two decades ago, the equipment manufacturing industry has benefited greatly from duty-free access to our industry’s largest two export markets, Canada and Mexico. AEM recently issued a statement of support for the new USMCA, calling a “step in the right direction.” AEM will be engaging the incoming 116th Congress in the New Year on the importance of the USMCA to U.S. manufacturing.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S., and 149,000 more in Canada. Equipment manufacturers also contribute $188 billion combined to the U.S. and Canadian economies.