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.