PHOENIX - Governor Doug Ducey today released the following statement regarding the signing of the United States–Mexico–Canada Agreement (USMCA), replacing the North American Free Trade Agreement (NAFTA):
“Competition isn’t just limited to the store down the street. Companies must contend with competitors around the globe -- the USMCA moves North America in the right direction and strengthens our relationship with our international trade partners. NAFTA is a 24-year-old agreement that was in need of modernization to ensure that North America remains competitive and meets the needs of our changing economy and technological advances.
“Arizona’s international relationships have never been stronger and the opportunities to prosper from international partnerships and cooperation have never been greater. As a border state that exports over $20 billion in goods around the world, Arizona and Arizona-based companies stand to benefit from the protections and opportunities that this new agreement provides. We are committed to working closer with our international partners to preserve and strengthen our partnerships, and hope that Congress moves swiftly to take action on reviewing this agreement.”
USMCA Benefits to Arizona