Press Release Summary:
The IPC’s president and CEO extended his congratulations and appreciation to U.S., Mexico and Canada governments for new trilateral agreement North American Free Trade Agreement. This agreement modernizes the current trade concerns of three countries agreement (USMCA) that promises to deliver 25 years of sustainable and mutually beneficial trade.
Original Press Release:
United States, Mexico and Canada Reach new NAFTA Deal
Statement from John Mitchell, IPC president and CEO
BANNOCKBURN, Ill., USA, October 1, 2018 — On behalf of the electronics industry, I want to extend my congratulations and appreciation to the governments of the U.S., Mexico and Canada for their many months of tireless negotiations on a new trilateral trade agreement.
The North American electronics supply chain has grown steadily over the last 25 years. In striking an agreement that modernizes the North American Free Trade Agreement (NAFTA) to address the current trade concerns of all three countries, the U.S.-Mexico-Canada Agreement (USMCA) promises to deliver another 25 years of sustainable, mutually beneficial trade.
The USMCA promises to spur even greater integration among the North American economies and strengthen the entire region’s stature as a formidable global manufacturing base. Improving the manufacturing competitiveness of North America, in turn, will unlock more economic growth and job creation, benefiting communities across the continent.
As always, IPC will be working to assess the deal’s likely impacts on our industry, and we will continue to advocate for our members’ interests as the debate goes forward.
IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 4,400 member-company sites which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Washington, D.C.; Atlanta, Ga.; Brussels, Belgium; Stockholm, Sweden; Moscow, Russia; Bangalore and New Delhi, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.
Sandy Gentry, IPC Communications Director
+1 847-597-2871 or SandyGentry@ipc.org