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Press Room
The Vinyl Institute Applauds the Implementation of USMCA
July 1, 2020
WASHINGTON – Today, the United States-Mexico-Canada Agreement (USMCA) went into effect. This trade agreement replaces the 25-year-old North American Free Trade Agreement (NAFTA), and modernize laws governing trade between these countries. It also protects American industries’ tariff-free access to the Mexican and Canadian markets. Having access to the two closest foreign markets give vinyl manufacturers a clear advantage in location and a true partner in export rules.
“The Vinyl Institute commends the Administration and Members of Congress for their successful passage and implementation of the United States-Mexico-Canada Agreement (USMCA),” said Ned Monroe, CEO and President of the Vinyl Institute. “This bi-partisan agreement is a great example of setting differences aside to create a prosperous environment for American workers, manufacturers, and the economy. For the vinyl industry, the USMCA has the potential of creating nearly 176,000 jobs and generating $68 billion in economic activity. Nearly one-third of the vinyl polymer produced in the U.S. is exported to foreign trading partners. By supporting exports to Mexico and Canada, we are growing jobs right here in the U.S.”
About the Vinyl Institute
The Vinyl Institute (VI), founded in 1982, is a U.S. trade association representing the leading manufacturers of vinyl, vinyl chloride monomer, vinyl additives, and modifiers. The VI works on behalf of its members to promote the benefits of the world’s most versatile plastic, used to make everything from PVC piping to flooring, roofing and vinyl siding. The vinyl industry in the United States employs over 350,000 highly skilled employees at nearly 3,000 facilities and generates an economic value of $54 billion. For more information, visit vinylinfo.org.