Congress Should Pass USMCA
The U.S.-Mexico-Canada Agreement (USMCA) is a recently-negotiated trade agreement to update the North American Free Trade Agreement (NAFTA).
The North American market is extremely important to the U.S. pulp and paper industry. U.S. pulp and paper exports to NAFTA countries in 2018 were $10.1 billion, or about 45 percent of the industry’s total exports.
AF&PA supports USMCA because it:
- Maintains open access for our industry’s exports to Canada and Mexico
- Includes strong language on combating illegal logging and associated trade
- Raises standards with transparent, science-based regulatory practices
However, USMCA significantly pares back protection currently enjoyed by investors under NAFTA’s investor-state dispute settlement (ISDS) arbitration mechanism that allows companies to challenge NAFTA countries for property expropriation and other discriminatory and unfair actions.
Related: USMCA Infographic