Trade U.S., Canadian and Mexican Business Leaders Highlight Importance of USMCA Ratification in Growing the Economy, Spurring Investment and Creating Jobs

Jun 12, 2019

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 Vice Chair 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"USMCA will improve the trade relationship by modernizing long-outdated elements of the North American Free Trade Agreement.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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For media queries, contact:

Business Roundtable: Rayna Farrell, Tel: (202) 496-3289

Business Council of Canada: Howard Fremeth, Tel: (613) 854-5336

Consejo Mexicano de Negocios: Maria Zimbron, Tel: (52155) 5516837866

Business Roundtable: Business Roundtable CEO members lead companies with more than 15 million employees and $7.5 trillion in revenues. The combined market capitalization of Business Roundtable member companies is the equivalent of over 27 percent of total U.S. stock market capitalization, and Business Roundtable members invest nearly $147 billion in research and development – equal to over 40 percent of total U.S. private R&D spending. Our companies pay $296 billion in dividends to shareholders and generate $488 billion in revenues for small and medium-sized businesses. Business Roundtable companies also make more than $8 billion in charitable contributions.

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

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.