USMCA Boosts Vital Trading Relationships, Creates Good Jobs, Benefits Consumers, Workers, and Manufacturers
ANNAPOLIS, MD—Governor Larry Hogan today applauded the U.S. Congress’s ratification of the United States-Mexico-Canada Agreement (USMCA), calling the trade pact “a huge win for the state of Maryland and the country.” Over the last year, in his capacity as chairman of the National Governors Association, Governor Hogan has been working to secure bipartisan and international support for the agreement.
“This is a huge win for the state of Maryland and the country,” said Governor Hogan. “The bipartisan USMCA gives a big boost to the vital trading relationships among the United States, Mexico and Canada, which create good jobs and benefit consumers, workers, manufacturers, and farmers in every state. The federal administration and Congress have developed an agreement that advances the key priorities of stakeholders in North American trade and serves as a model for collaboration on the priorities of the states and all Americans. The nation’s governors stand ready to work with our federal partners to implement this important agreement once it’s signed into law.”
Earlier this year, Governor Hogan wrote to the president and congressional leaders advocating for the ratification of the USMCA, and detailed the positive impact it would have on Maryland’s economy. Governor Hogan also wrote to the Maryland congressional delegation urging them to back the USMCA, writing, “Now that Mexico has voted to ratify the agreement, it is time for the U.S. Congress to act.”
In November, Governor Hogan, along with Governor Francisco Dominguez, chairman of La Conferencia Nacional de Gobernadores in Mexico, and Premier Scott Moe, chairman of the Council of the Federation in Canada, authored a joint CNBC op-ed about the urgent need to ratify the USMCA.
Canada and Mexico are important trade partners for the state, supporting over 300,000 local jobs. Exports represent more than 20% of all Maryland goods exported globally, with Canada as the number one and Mexico as the number eight export market for the state.
