What Does USMCA Mean for Texas?

  • Thursday, July 25, 2019
  • Saturday, July 27, 2019
  • Montreal, Canada (optional meeting)

This conference will explore topics on global relations and trade between the United States and Canada, with a specific focus on Texas’ place in that trade environment. The United States and Canada have long had strong ties that span military, economic, and cultural relationships, as well as the largest trading relationship of any two nations in the world. Trade with the United States’ closest neighbors in Canada and Mexico is an important economic driver for our country and for Texas. Texas sells $27 billion in goods and services to Canada alone, and 460,000 jobs in Texas depend on trade and investment with Canada. Maintaining this important trading relationship is vital to economic growth and job creation for both Texas and Canada.

For more than 25 years, the North American Free Trade Agreement (NAFTA) drove the strong trading relationship between the United States, Canada, and Mexico. NAFTA was renegotiated last fall into the U.S.-Mexico-Canada Agreement (USMCA). This updated trade deal was the result of nearly two years of tumultuous negotiations and political debate about the benefits and costs of the original NAFTA Agreement and trade overall. While the USMCA was signed by leaders from all three countries, it must still be ratified by legislative bodies in each country.

Conference attendees will hear discussions on topics of global relations and leadership, the latest developments in trade, and the impact this issue has on our communities and economies back home.

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