North Texas Commission Applauds Deal Reached on USMCA
December 10, 2019 at 6:00:00 AM
Trade Deal Ensuring Nearly 300,000 North Texas Jobs Will Be Safe
North Texas – The North Texas Commission and the leaders of the North Texas region applaud the long-awaited news on the U.S.-Mexico-Canada Agreement, also known as USMCA. This trilateral agreement, serving as the next iteration of NAFTA, will ensure that the nearly 300,000 North Texans whose jobs rely on trade with Mexico or Canada will continue to be active members of our region’s strong economy.
The impact of trade between North Texas and Canada and Mexico is undeniable. Bilateral trade from the Dallas-Fort Worth region to Canada is $9.47 billion annually putting our region seventh of the 100 top U.S. metros in trade with our neighbors to the north. North Texas exports $7.371 billion in goods annually, and $1.92 billion in services.
Our region’s trade with Mexico is approximately $8.95 billion annually. Twenty percent of North Texas exports goes to Mexico, and 37 percent of our agricultural exports goes to Mexico.
“This is indeed an exciting day for Fort Worth and all of North Texas,” said Fort Worth Mayor Betsy Price. “The impending passage of USMCA is a victory for our region, as it solidifies our strong international business community and ensures the future with our two top trading partners is secure and prosperous.”
“The City of Dallas and North Texas sit at the crossroads of the I-35 trade corridor, which serves as the trade backbone of North America,” said Dallas Mayor Eric Johnson. “I commend the bipartisan effort by our Senators and our Congressional delegation to maintain our region’s strong and vibrant economy.”
“This compromise proves that our leaders in Washington remain focused on keeping Americans working,” said Chris Wallace, President and CEO of the North Texas Commission. “We’ve spent the past 18 months meeting with our 15 members of Congress, advocating the ratification of a trilateral trade agreement and reiterating the impact this agreement will have on the men and women in North Texas. Thank you to the bipartisan leaders and the members of the Texas Congressional delegation for making this agreement a reality. We’re looking forward to seeing it officially passed.”
Established in 1971, the North Texas Commission is a unique public-private partnership that drives large impactful projects and legislative issues benefiting a robust 13-county region. The organization tackles the region’s greatest challenges with subject matter experts who provide resources to market the region and educate future leaders. The Commission also manages the region’s unified advocacy voice at the state and federal levels.