The committee will come to order. We welcome our witnesses. Were here to have testimony from a range of industries to tell us about the importance of the United Statesmexicocanada agreement, and we soon are referring that to always as usmca. We look forward to hearing from our witnesses about the significance of the agreement to american businesses, both small and large, the workers, the farmers that we all represent. Thank you for being here. Mexico and canada are our countrys most important trading partners. According to the International Trade commission for the year 2017, more than onethird of americas merchandise exports went to mexico and canada. In that year mexico and canada imported more than half a trillion dollars of American Goods plus more than 91 billion of american services. For iowa our six and sixtenths billion of exports to canada supported 130,000 jobs. The foundation of our strong trading relationship with mexico and canada have been, thus far, nafta. The United Sta
Farmers that we all represent. Thank you for being here. Our countrys important trading partners according to the International Trade commission. The year 2017, more than one third of americas merchandise exports went to mexico and canada. In that year, mexico and canada imported more than half 1 trillion of american goods, plus more than 91 billion of American Services for iowa. On mexico tolars canada. Support 130,000 jobs. Foundation of a strong trading relationship with mexico and canada has been thus far nafta. Mexico andstates canada negotiated that agreement between 1990 and 1993 at the time it was a new standard of trade agreements. It helped to mexico reform indoor market economy. Enabled american businesses, workers, farmers and ranchers to sell our goods and services in mexico and canada without tariffs and without nontariff barriers that for decades had burdened our ability to complete in compete in those two countries. The u. S. Economy and global trade have changed dramat
More relevant than others. On television and online, cspan is your unfillerred view of unfiltered view of government so you can make up your own mind. Brought to you as a Public Service by your cable or satellite provider. Now, the Senate Finance Committee Examines the u. S. Mexicocanada trade agreement. Former agriculture secretary tom vilsack, along with a panel of trade and industry representatives, testified on how the usmca could impact the average american as well as how it differs from the 1994 north American Free trade agreement. Meeting will come to order. We welcome our witnesses. Were here to have testimony from a range of industries to tell us about the importance of the United Statesmexicocanada agreement, and we soon are referring that to always as usmca. We look forward to hearing from our witnesses about the significance of the agreement to american businesses, both small and large, the workers, the farmers that we all represent. Thank you for being here. Mexico and can
As part of our commitment to provide you with the most up-to-date and relevant information on the logistics industry, we share our Market Update on the Latin American market.