U.S., Canadian and Mexican Business Leaders highlight importance of USMCA ratification in growing the economy, spurring investment and creating jobs
Washington – Business leaders from the United States, Canada and Mexico met today in Washington to discuss the importance of swiftly ratifying and implementing the United States-Mexico-Canada Agreement (USMCA) and further strengthening North American economic relations.
Tom Linebarger, Chairman and CEO of Cummins Inc. and Chair of the Business Roundtable Trade and International Committee, hosted the meeting in partnership with Don Lindsay, President and CEO of Teck Resources Limited and Chair of the Business Council of Canada, and Blanca Treviño, President and CEO of Softtek and Vicechair of the Consejo Mexicano de Negocios.
Following the meeting, the three organizations issued the following statement:
“Business leaders across North America support timely ratification of the United States-Mexico-Canada Agreement (USMCA), a high-standard, comprehensive trade agreement that will make the North American economy even more vibrant and competitive, drive investment and support the creation of high-value jobs. Trade and investment between the U.S., Canada and Mexico supports hundreds of thousands of businesses and millions of jobs.
“USMCA will improve the trade relationship by modernizing long-outdated elements of the North American Free Trade Agreement. It includes important new chapters aimed at improving North American competitiveness and good regulatory practices. Above all, USMCA provides certainty for our region’s economic success. Each of our organizations is fully committed to working with our respective governments and business communities to ensure North America remains tariff free and there is a swift and successful implementation of the USMCA.”
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About Business Roundtable
Business Roundtable CEO members lead companies with nearly 15 million employees and more than $6 trillion in annual revenues. The combined market capitalization of Business Roundtable member companies is the equivalent of nearly one-quarter of total U.S. stock market capitalization, and Business Roundtable members invest more than $100 billion annually in research and development — equal to 30 percent of U.S. private R&D spending. Our companies pay over $220 billion in dividends to shareholders and generate more than $400 billion in revenues for small and medium-sized businesses annually. Business Roundtable companies also make more than $7 billion a year in charitable contributions. Learn more at BusinessRoundtable.org
About the Business Council of Canada
The Business Council of Canada brings business leaders together to shape public policy in the interests of a stronger Canada and a better world. Founded in 1976, the Business Council is a non-profit, non-partisan organization composed of the chief executives of Canada’s leading enterprises, representing every region and sector of the economy. Through supply chain partnerships, service contracts and mentoring programs, Business Council members support many hundreds of thousands of small businesses and entrepreneurs in communities of all sizes across Canada. Learn more at TheBusinessCouncil.ca
About the Consejo Mexicano de Negocios
The Consejo Mexicano de Negocios (CMN) is a non-profit, non-partisan organization founded in 1962. The CMN brings together the 50 largest Mexican business leaders to work together to make Mexico a more prosperous country. To do this, the CMN is building stronger institutions and shaping public policies that foster Mexico’s competitiveness. Currently the CMN is working in new ways to fight corruption and foster the rule of law. Through its different programs, the CMN has also supported hundreds of thousands of students and thousands of small businesses in the past eight years. The firms of the CMN employ over 2 million people and invest over 30 billion dollars globally every year.