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Congressional Approval of USMCA Will Encourage North American Regulatory Cooperation, Inject New Growth, and Boost Chemicals Trade, ACC Says

WASHINGTON (February 26, 2019) – The American Chemistry Council (ACC) today reaffirmed its support for U.S. ratification of the United-States-Mexico-Canada Agreement (USMCA) by joining the USMCA Coalition, an alliance of more than 200 companies and associations which is urging congressional approval of the agreement.

U.S. chemicals manufacturers are pleased to join with our coalition partners to encourage passage of the USMCA“U.S. chemicals manufacturers are pleased to join with our coalition partners to encourage passage of the USMCA in the Congress this year,” said Cal Dooley, ACC president and CEO. “The USMCA would bring significant added value to our industry, to the economy, and to continued efforts to protect human health and the environment throughout the region. It’s time to put this agreement to work for all Americans.”

American chemicals manufacturers welcomed the signing of the USMCA last November and have pointed to the positive impacts that the USMCA would have on the industry. For example, ACC has said that it strongly supports the USMCA’s Sectoral Annex for Chemical Substances, which embraces the principles the North American chemical industry jointly recommended to promote regulatory compatibility through enhanced cooperation. “The newly-inked USMCA, once ratified, would allow chemical manufacturers to continue to leverage the highly-integrated, North American supply chain to reduce costs, boost U.S. exports, and inject new growth and job-creation throughout the region,” ACC concluded in its November statement.

In February 2019, ACC prepared a two-page fact sheet outlining its position on the USMCA. The fact sheet is now available on the ACC website.

 

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