The Los Angeles Area Chamber of Commerce welcomes the passage of the U.S.-Mexico-Canada Agreement (USMCA) in the U.S. House of Representatives by an overwhelming bipartisan majority. Since the renegotiation of NAFTA began, the Los Angeles Area Chamber of Commerce has steadfastly supported and advocated for the approval of the USMCA and continues to urge its passage in the U.S. Senate.
North American trade is a fundamental pillar of the Los Angeles regional economy. Mexico and Canada are California’s top export markets, to which the state sends over $47 billion dollars, respectively. The modernization of the rules that govern trade between California, Mexico, and Canada will provide the business community greater certainty and opportunities, particularly in the automotive, aerospace, and pharmaceutical sectors here in the Los Angeles region.
Trade with Mexico and Canada is absolutely vital to the continued prosperity of the Los Angeles regional economy. The modernization of our trading relations through the USMCA strengthens our economic position and the Chamber will continue to advocate for its passage in the Senate.
International trade is key to the Los Angeles region’s economic growth and requires tariff-free trade across North America secured by a strong trade agreement.