TCFA was among 119 Texas industry groups that sent a letter to Congress this week calling for swift action and support of the United States-Mexico-Canada Agreement (USMCA). The groups reinforced the need for ratification of USMCA in order to provide certainty for the many business sectors in Texas, including agriculture, that rely on trade with Canada and Mexico, while in turn contributing to the U.S. economy.
“USMCA would create much needed certainty for Texas farm and ranch families who contribute to the economy and feed and clothe millions worldwide,” the letter stated. “Over 60,400 Texas jobs are supported by exporting agricultural products to Mexico and Canada. The annual value of Texas’ agricultural exports to our North American neighbors totals more than $7.2 billion. USMCA would only build on these achievements by breaking down existing trade barriers and opening more market access for products like beef, dairy, corn, wheat and pork.”
Meanwhile, on Wednesday, the Mexican Senate passed the USMCA becoming the first country to ratify the new trade agreement.
“The Texas beef industry has flourished under sound trade policies. The beef supply chains between the United States, Mexico and Canada have worked together for decades to serve consumers at home and abroad a safe and consistent supply of affordable, quality beef," said Levi Berry, TCFA chairman. "We must protect this vital trade relationship by ratifying the U.S.-Mexico-Canada Agreement.”
In a statement, U.S. House Ways and Means Committee Ranking Member Kevin Brady (R-The Woodlands) also praised Mexico and reiterated Congress’ need for swift action.
“Today’s action, combined with passage of Mexico’s landmark labor legislation earlier this spring, demonstrates Mexico’s solid commitment to serious reform and tough new rules to create fairer trade. Now it’s time for the U.S. Congress to pass USMCA as soon as possible to unlock the benefits of this agreement for U.S. workers and our local businesses. The longer Congress delays, the more our country loses out on new jobs, more customers for Made-in-America goods, and a stronger economy,” Brady said.