MADISON – The United States, Mexico and Canada tentatively agreed to a new trade agreement on Sunday night that will replace the decades-old North American Free Trade Agreement (NAFTA). The NAFTA replacement, known as the United States-Mexico-Canada Agreement (USMCA), will boost Wisconsin’s economy by increasing free trade between the three nations and especially help Wisconsin’s dairy farmers who were negatively impacted by Canada’s rules on dairy imports.
After the deal was signed, Wisconsin Manufacturers & Commerce (WMC) President & CEO Kurt R. Bauer released the following statement:
“Wisconsin will come out a winner under the new trade agreement between the United States, Mexico and Canada. It is extremely important that our three countries continue to have free and fair trade, and the USMCA will solidify that.
“The biggest winner from the USMCA will be Wisconsin dairy farmers – a key component of our state’s economy. Unfortunate and restrictive rules from Canada have been harming our state’s dairy industry, and the new trade deal will ensure Wisconsin farmers have more opportunity to sell their products to our neighbors to the north.
“WMC applauds the Trump Administration on negotiating an agreement that will continue to grow the Wisconsin and U.S. economies. Free trade is crucial to our future, and this is an immense step in the right direction.”
For more information, please contact:
Nick Novak, 608.258.3400