Texas Border Business
WASHINGTON – Congressman Henry Cuellar (TX-28) released a statement on a report released by the U.S. International Trade Commission (ITC), as requested by the Trade Promotion Authority, on the anticipated economic impact of U.S.-Mexico-Canada Trade Agreement (USMCA):
“The report released by the ITC shows that USMCA will have a positive impact on a broad range of industries and on the U.S. economy. Specifically, the report states that the new trade agreement will increase economic activity by 0.35% and create 176,000 new jobs. As I’ve said all along, it is essential that we ratify this trilateral trade agreement, so that we may continue to capitalize on the economic benefits NAFTA has facilitated for over two decades.
“As a representative of the border, I know firsthand the impacts that this deal will have on border communities. It is my hope that this new agreement is quickly approved by Congress. so that we are able to build on NAFTA’s successes, bringing certainty back to businesses in Texas and beyond.”