Tag Archive for 'NAFTA'

USMCA is a Victory for Equipment Manufacturers

Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement after the President signed the United States-Mexico-Canada Agreement during a ceremony at the White House:
“President Trump and Congress have delivered a free trade agreement that works for equipment manufacturers, farmers, and working families across the country,” said Dennis Slater, president of AEM. “We thank President Trump, Vice President Pence, House Speaker Pelosi, and Senate Majority Leader McConnell for their leadership and for putting policy ahead of politics to get this landmark deal across the finish line. The agreement restores certainty to the North American market and secures duty-free access to our industry’s two largest export markets. It will help equipment manufacturers grow in the United States, compete globally, and support millions of family-sustaining jobs across the country. We look forward to working closely with President Trump and Congress to make sure equipment manufacturers can compete and win in the global economy.”
Several senior executives representing the equipment manufacturing industry also hailed today’s signing of the UMSCA by President Trump:

  • Komatsu America: “The strong bi-partisan support of the USMCA indicates how important it was to update our trading rules,” said AEM CE Chair Rod Schrader, Chairman & CEO, Komatsu America. “USMCA will allow American manufacturers to establish more predictable trade relations and helps ensure fair trade for our products with our important trading partners, Canada and Mexico.”
  • Blount International: “Increasing trade with Canada and Mexico, will help build our business, along with the entire agricultural industry by providing a growth base for equipment manufacturers like us,” said AEM Ag Chair Jerry Johnson, President, Farm, Ranch & Agriculture Division, Blount International. “Giving farmers more equitable trading opportunities with Mexico and Canada opens possibilities for growing net farm income, at a time when they are faced with lower commodity prices, higher input costs, global uncertainty, and an onslaught of weather-related disasters.”
  • Volvo Construction Equipment: “USMCA is essential for growth in the manufacturing backbone of the American economy—equipment manufacturers depend on low barriers to trade, especially with our closest neighbors,” said AEM CE Vice Chair Stephen Roy, Senior Vice President North America, Volvo Construction Equipment. “We commend the passage of this modern North American trade agreement and hope it signals continued bi-partisan work to create positive conditions for trade and industry.”
  • AGCO Corporation: “AGCO appreciates the work Congress and the Trump Administration have put forth to secure free and fair trade with Mexico and Canada,” said AEM Board Director Bob Crain, Senior Vice President and General Manager, AGCO Corporation. “The agreement signed by President Trump will greatly improve market stability for our customers and dealers in the U.S., Canada and Mexico. Agriculture is the backbone of our economy. This agreement will directly benefit American farmers, U.S. equipment manufacturers and the rural communities that rely on these important sectors of our economy, by supporting jobs and bringing needed financial stability back to the agricultural landscape.”
  • Case IH: “Case IH is pleased to see the passage of USMCA; there are improvements made in USMCA that support America’s farmers, rural communities and businesses,” said AEM Board Director Scott Harris, Case IH Vice President, North America. With commodity price stagnation and global market uncertainty, solidifying and expanding the North American market is absolutely critical for the broader agricultural community, our core dealer partners, and customers.”
  • Caterpillar Inc.: “The USMCA is good for America and American manufacturing, allowing U.S. manufacturers to draw on the strengths of our North American trading partners to make U.S.-produced products more competitive globally,” says AEM Board Director, Phil Kelliher, Caterpillar vice president. “We appreciate the bipartisan support it received in Congress and are very pleased to see it signed into law.”
  • Gradall Industries: “The United States-Mexico-Canada Agreement will modernize and strengthen trade with Mexico and Canada in ways that expand economic opportunity and increase competitiveness for equipment manufacturers in Ohio,” said AEM Board Director Michael Haberman, President, Gradall Industries. “It is an immediate shot in the arm for our industry and provides the long-term certainty that our industry needs to continue to grow and prosper.”
  • Vermeer Corporation: “As a manufacturer of large construction and agricultural equipment making an impact on communities around the world, we look forward to moves that make getting Vermeer equipment in the hands of those who need it easier than before,” said AEM Board Director Jason Andringa, President and CEO, Vermeer Corporation. “Today’s signing of the USMCA signals progress for manufacturers and markets across the country and beyond by removing uncertainty and paving the way for continued economic growth. Vermeer Corporation thanks the Administration and legislators in working together to get this done for America!” 

Since the creation of NAFTA two decades ago, equipment manufacturers have benefited greatly from duty-free market access to our industry’s two largest export markets, Canada and Mexico. The USMCA builds on the success of NAFTA to deliver an updated North American trade agreement for the 21st century. From its inception, AEM worked with both the Trump Administration and Congress to ensure passage of a trade agreement that fulfills many of our industry’s goals and strengthens equipment manufacturing in North America. AEM activated equipment manufacturing workers and supporters, reaching members of Congress with a steady stream of pro-USMCA letters, calls, and meetings. AEM also hosted the Honorable Mike Pence, Vice President of the United States, at an equipment manufacturing facility earlier this year to build support for the trade agreement, and ran a national public education campaign on the various benefits of USMCA. AEM is also a member of the 600 association and business-member strong USMCA Coalition. Equipment manufacturers support 1.5 million jobs and contributes $188 billion each year in the U.S. and Canada.   

AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S. Equipment manufacturers also contribute $159 billion to the U.S. economy. 
Visit www.aem.org/advocacy for more information.   

AEM Hails USMCA Senate Passage

Association of Equipment Manufacturers (AEM) senior vice president of government and industry relations Kip Eideberg issued the following statement on the U.S. Senate passing implementing language to ratify the United States-Canada-Mexico Agreement (USMCA) today: 
“Equipment manufacturers, farmers, and hardworking families across the country are thankful for today’s full congressional ratification of the United States-Mexico-Canada Agreement (USMCA),” said Kip Eideberg, AEM senior vice president of government and industry relations. “This new agreement updates the current, decades-old trade deal, supporting a modernized global marketplace. As members of the USMCA Coalition, we are proud to have joined more than 600 associations and business groups in advocating for a stronger trade deal that will add up to $68 billion to our economy, create 176,000 jobs, and preserve duty-free market access to our Canadian and Mexican trading partners. We applaud President Trump, Vice President Pence, Senate Majority Leader McConnell, and House Speaker Pelosi for their efforts to negotiate and ratify the agreement.” 
Since the creation of NAFTA two decades ago, equipment manufacturers have benefited greatly from duty-free market access to our industry’s two largest export markets, Canada and Mexico. Equipment manufacturers support 1.3 million jobs in the U.S. and 149,000 in Canada. The industry also contributes $188 billion to the U.S. and Canadian economies.Over the past two years, AEM has called on both the Trump Administration and Congress to deliver an updated North American trade agreement for the 21st century. USMCA fulfills many of our industry’s goals and strengthens North American equipment manufacturing. 
Efforts include co-hosting the Honorable Mike Pence, Vice President of the United States, at an equipment manufacturing facility earlier this year in support of the agreement, sending a letter in support of the USMCA to Chairman Neal (D-Mass.) and the nine members of the House Democrats’ Trade Working Group, and running an ongoing public education campaign on the various benefits of a ratified USMCA. AEM is also a member of the USMCA Coalition.

AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S. Equipment manufacturers also contribute $159 billion to the U.S. economy. AEM is celebrating its 125th anniversary in 2019.
Visit www.aem.org/advocacy for more information.   

AEM Praises Bipartisan USMCA House Vote

 Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement after the United States House of Representatives passed implementing language to ratify the United States-Canada-Mexico Agreement (USMCA). 

Dennis Slater, AEM President


“With today’s bipartisan House vote to ratify the USMCA, we’re another step closer to securing a North American trade deal that works for U.S. farmers, equipment manufacturers, and hardworking American families,” said Dennis Slater, president of AEM. “The USMCA will be a boon for our industry and the broader U.S. economy, adding up to $68 billion to our economy, creating 176,000 jobs, and preserving duty-free market access to our Canadian and Mexican trading partners. We now urge the Senate to follow the lower chamber’s lead quickly when Congress returns in the new year.” 
Since the creation of NAFTA two decades ago, equipment manufacturers have benefited greatly from duty-free market access to our industry’s two largest export markets, Canada and Mexico. Equipment manufacturers support 1.3 million jobs in the U.S. and 149,000 in Canada. The industry also contributes $188 billion to the U.S. and Canadian economies.
Over the past two years, AEM has called on both the Trump Administration and Congress to deliver an updated North American trade agreement for the 21st century. USMCA fulfills many of our industry’s goals and strengthens North American equipment manufacturing. Efforts include co-hosting the Honorable Mike Pence, Vice President of the United States, at an equipment manufacturing facility earlier this year in support of the agreement, sending a letter in support of the USMCA to Chairman Neal (D-Mass.) and the nine members of the House Democrats’ Trade Working Group, and running an ongoing public education campaign on the various benefits of a ratified USMCA. AEM is also a member of the USMCA Coalition.

AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S. Equipment manufacturers also contribute $159 billion to the U.S. economy. AEM is celebrating its 125th anniversary in 2019.
Visit www.aem.org/advocacy for more information.   

AEM Hails North American Leaders on Signing USMCA, Urges Implementation

Association of Equipment Manufacturers (AEM) issued the following statement today on the recent signing of the United States Mexico Canada Agreement (USMCA) by U.S., Mexican, and Canadian leaders:

Dennis Slater, AEM President

“Equipment manufacturers applaud the recent signing of the USMCA and are advocating for its quick implementation,” said Dennis Slater, president of AEM. “Ratifying the USMCA will ensure North America’s manufacturing competitiveness and supports our industry’s nearly 1.5 million men and women working across the U.S. and Canada.”
Nearly 30 percent of all equipment produced in the U.S. is intended for export. Since the creation of NAFTA two decades ago, the equipment manufacturing industry has benefited greatly from duty-free access to our industry’s largest two export markets, Canada and Mexico. AEM recently issued a statement of support for the new USMCA, calling a “step in the right direction.” AEM will be engaging the incoming 116th Congress in the New Year on the importance of the USMCA to U.S. manufacturing.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S., and 149,000 more in Canada. Equipment manufacturers also contribute $188 billion combined to the U.S. and Canadian economies.

AEM: Equipment Manufacturers Express Optimism about Progress Made in NAFTA Negotiations

Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement after the United States and Mexico announced a preliminary deal on NAFTA:
“AEM is pleased to hear that the United States and Mexico have reached a preliminary agreement to update the free trade agreement, and we urge both parties to quickly re-engage with Canada to deliver a trilateral agreement. Equipment manufacturers need a modernized North American Free Trade Agreement that will continue to protect complex, sophisticated and efficient supply chains, provide access to foreign markets, and help grow the 1.3 million jobs that our industry supports. We are optimistic that all parties will successfully resolve their remaining differences, and will assess any final agreement based on whether it promotes economic growth for equipment manufacturers.”
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 950 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.