On Thursday, December 19, the U.S. House of Representatives passed key legislation modernizing the 1994 North American Free Trade Agreement after years of negotiations between the country representatives.
The new bill strengthened enforcement of labor standards, environmental protections, rules for automobile manufacturing, and costs of prescription drugs.
The San Antonio Chamber of Commerce began advocating for a modernized North American Free Trade Agreement (NAFTA) in 2017. The original agreement was signed in San Antonio and has been a critical part of economic prosperity for regional companies for decades. It is estimated that more than 1 million jobs in Texas are tied to North American trade.
We congratulate the House for taking an important step for this critical trade agreement and urge the Senate to pass the United States-Mexico-Canada Agreement (USMCA) after the holiday break.
Senate Majority Leader Mitch McConnell has stated that the Senate will not consider the bill until 2020, which could coincide with San Antonio’s annual fly-in scheduled for February.
For more information on the USMCA or SA to DC, contact Belinda Garza Hartwig, VP of Economic Development, at 210-229-2199 or email@example.com.