Texas Association of Business’ Statement on new NAFTA agreement

Category: News
Published: 2018-08-27

Jeff Moseley, president and CEO of the Texas Association of Business, has decided to make public his stance on the new NAFTA agreement. In this sense, Moseley analyzes the creation of jobs, economic growth for the United States and Mexico and the inclusion of Canada in the renegotiations:  

“Today the Trump Administration announced the framework of a US-Mexico Trade Agreement that will replace the North American Free Trade Agreement. Texas’ trade partnership with Mexico creates 387,000 jobs and about US$173 billion worth of goods exchanged between our two economies every year.  These figures are a result of the 540% growth in Texas-Mexico trade since NAFTA was signed in 1994.

As Texas employers and leaders we would like to congratulate the administration for their hard work in setting the stage for a renewal of the original NAFTA agreement for the 21st Century. We also would like to urge the Administration to continue to work with Canadian officials to solidify their support for the full renewal of a trilateral agreement between the United States, Mexico and Canada. We appreciate the continued great work of the Texas Congressional Delegation, led by Senate Finance Trade Subcommittee Chairman John Cornyn and House Ways and Means Chairman Kevin Brady. We know they will do all they can to ensure a fair deal for Texas businesses.

Although there is still work to do, we are hopeful the Administration will finalize this critical agreement with our top trading partner. We look forward to continuing to work with the United States Trade Representative and the Department of Commerce to expand all trading opportunities for Texas business with Mexico, Canada and beyond.”