Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement applauding a joint statement by leading agriculture organizations endorsing the United States Mexico Canada Agreement (USMCA) this morning during Commodity Classic 2019 in Orlando, Florida:
“We applaud the National Corn Growers Association (NCGA), American Soybean Association (ASA), the National Association of Wheat Growers (NAWG), and National Sorghum Producers (NSP) for announcing their endorsement of the USMCA,” said Dennis Slater, president AEM. “A healthy farm economy and a strong equipment manufacturing industry go hand-in-hand. By ratifying the USMCA, Congress will ensure two of the most important markets for agriculture producers and for equipment manufacturers, Mexico and Canada, stay strong. Once the USMCA is ratified, U.S. farmers can more reliably invest in their businesses, which will greatly benefit our industry’s 1.3 million U.S. workers.”
Equipment manufacturers contribute $188 billion combined to the U.S. and Canadian economies. Canada is the largest export market for U.S. manufacturers of heavy equipment and a more than $10 billion per year export market for U.S. equipment manufacturers. Mexico is a more than $2 billion per year export market for U.S. equipment manufacturers.
This past week, AEM joined the USMCA Coalition, a collection of over 200 organizations, including U.S. Chamber of Commerce, American Farm Bureau Federation, and the National Association of Manufacturers, with an objective “to secure congressional approval of the United-States-Mexico-Canada Agreement.”