The implementation of the United States-Mexico-Canada Agreement (USMCA) is a historic step for the three nations, their businesses and workers, and consumers, said Plastics Industry Association (PLASTICS) President and CEO Tony Radoszewski.
“PLASTICS members welcome a new era of balanced, reciprocal trade, the promotion of free markets and economic growth,” said Radoszewski. “Continued collaboration and trade across North American borders are significantly important for the plastics sector and industries that rely upon polymers and plastics in their products.”
U.S. plastics industry exports to USMCA partners, amounting to nearly $28 billion USD last year, support over 150,000 American jobs. “Smooth implementation of the agreement bolsters the confidence of businesses to make plans and enter agreements to promote trade and production between our three nations,” said the CEO.
As the plastics sector continues to modernize production and supply manufacturers with new materials and sophisticated components, USMCA's expanded intellectual property protections and market access will enhance U.S. plastics’ presence in the combined marketplace, growing opportunities for businesses and products.
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