USMCA Illinois the U.S.-Mexico-Canada Agreement

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USMCA Illinois The U.S.-Mexico-Canada Agreement The United States, Mexico, and Canada have reached an agreement to rebalance and modernize the North American Free Trade Agreement into a 21st century, high-standard trade deal. The new United States-Mexico-Canada Agreement (USMCA) will better serve the interests of American workers, farmers, ranchers, and businesses and support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America. $27.9 Billion $17.7 Billion $10.2 Billion Exports to Canada and Mexico in 2018 Exports to Canada in 2018 Exports to Mexico in 2018 USMCA Key Provisions Rules of Origin Agriculture Innovative rules of origin will encourage more goods Important improvements in USMCA will secure greater and materials to be manufactured in the United States market access for America’s farmers. and ensure the benefits of USMCA flow to North American Canada’s unfair milk pricing program will be workers. eliminated so American dairy farmers gain more export opportunities. Goods Market Access U.S. poultry producers will have new access for New commitments for market access address non-tar- chicken and egg exports and expanded access iﬀ barriers related to trade in remanufactured goods, for turkey exports. import licensing, and export licensing. Digital Trade Intellectual Property The new Digital Trade chapter contains the strongest The modernized, high-standard Intellectual disciplines on digital trade of any international Property (IP) chapter provides strong and eﬀective agreement, providing a firm foundation for the protection and enforcement of IP rights critical to expansion of trade and investment in the innovative driving innovation, creating economic growth, and products and services. supporting American jobs. Labor Small Business $ USMCA’s Labor chapter makes new enforceable labor New customs and trade rules will cut red tape and standards a core part of the agreement. This will help make it easier for small businesses to tap into foreign level the playing field for American workers and markets and participate in cross-border trade. improve wages and labor conditions in North America. Top Illinois Exports to Canada and Mexico, 2018 1 1Transportation Equipment ($4.3 Billion) 6 Processed Food ($1.8 Billion) 2 2Machinery ($4.2 Billion) 7 Electrical Equipment, Appliances & Components ($1.8 Billion) 3 3Petroleum & Coal Products ($3.3 Billion) 8 Fabricated Metal Products ($1.7 Billion) 4 4Chemicals ($3 Billion) 9 Plastics & Rubber Products ($1.3 Billion) 5 5Computer & Electronic Products ($2.3 Billion) 10 Primary Metal Products ($1.1 Billion) .

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