Trade Business Roundtable, Business Council of Canada and Mexican Business Council Statement on USMCA Free Trade Commission Meeting

May 18, 2021

Washington – Following the conclusion of the first meeting of the U.S.-Mexico-Canada Agreement (USMCA) Free Trade Commission, Business Roundtable, the Business Council of Canada and the Mexican Business Council released the statement below:

“As business leaders in the United States, Mexico and Canada, we welcome the inaugural meeting of the USMCA Free Trade Commission and the close cooperation between the three governments. We are encouraged by their efforts this week to ensure full implementation of all USMCA commitments. It will help sustain broad support for the agreement. By working together, all three countries can better recover from COVID-19, strengthen supply chains, address climate change and advance North American competitiveness, which will support a strong economic recovery and support workers and families in all three countries.
“We are committed to working with our governments to achieve results that advance the trilateral partnership and to fully realize the benefits of USMCA and North American cooperation.”

Business Roundtable: Business Roundtable CEOs lead America’s largest companies, employing 20 million workers. Their companies’ total value, over $20 trillion, accounts for approximately half of the value of all publicly-traded companies in the United States. They spend and invest over $7 trillion a year, helping sustain and grow tens of thousands of communities and millions of medium- and small-sized businesses.

Business Council of Canada: Founded in 1976, the Business Council of Canada is a not-for-profit, non-partisan organization representing business leaders in every region and sector of the country. The Council’s member companies employ 1.7 million Canadians, contribute the largest share of federal corporate taxes, and are responsible for most of Canada’s exports, corporate philanthropy, and private-sector investments in research and development. 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, in every part of Canada.

Consejo Mexicano de Negocios: The Mexican Business Council is a civil association founded in 1962 and is made up of 59 Mexican business leaders committed to promoting the social welfare and economic development of Mexico. For more than 50 years, the Council has maintained an open and continuous dialogue with representatives of the government, civil society, academia, and other business organizations, to work together for the benefit of Mexico. Its purpose is to promote the prosperity of Mexico to build a fair, free and inclusive country. CMN companies operate in more than 80 countries, employ more than 2 million people and invest more than 30 billion USD globally each year.