WASHINGTON, D.C., – Today, Philip K. Bell, president of the Steel Manufacturers Association (SMA), issued the following statement regarding the United States Mexico Canada Agreement (USMCA) entry into force.
“Today marks the formalization and beginning of a historic North American trade agreement that promotes free and fair trade and will benefit 21st Century Steelmakers. The USMCA contains significant improvements and modernized approaches to rules of origin, automotive content requirements and labor protections for North American Workers. These and other provisions represent the culmination of efforts to modernize the 25-year-old NAFTA and will help create jobs and expand market access for steel producers in the region,” said Bell.
Bell added, “the SMA would like to applaud Ambassador Lighthizer and his team, as well as, the leadership of Canada and Mexico for reaching this landmark agreement.”
Canada and Mexico are the largest steel export markets for domestic steel makers with almost 90 percent of steel exports going to these two countries.
About the SMA
SMA is the largest steel industry trade association in the United States and is the primary trade association representing North American EAF steel producers. EAF steelmakers account for almost 70 percent of domestic steelmaking capacity using an innovative, 21st century production process that is less energy-intensive and has lower carbon emissions than traditional steelmaking. SMA’s 24 producer members have operations in 35 states. For more information check out our website at www.steelnet.org or our Facebook page.