USMCA: Coatings Industry Urges Swift Passage


Last week, ACA and U.S. paint and coatings industry, sent a letter to House Speaker Nancy Pelosi, urging action to enact the USMCA: United States-Mexico-Canada Agreement.

The USMCA will provide multiple benefits to the paint and coatings industry including tariff-free markets as well as new digital trade provisions which will help to open cross-border communication and facilitate trade. The agreement will also help to create a simpler importation process with the use of a streamlined import-document submission procedure. Higher de minimis shipment values will catalyze trade, and regulatory transparency provisions will ease regulatory burdens on our industry members.

The U.S. coatings manufacturing base exports a significant portion of its production to Mexico and Canada — approximately $1.85 billion in 2018, accounting for nearly two-thirds of the industry’s exports — and the United States benefits from a consistently strong trade surplus with both countries.

“Waiting any longer to approve this important trade agreement only introduces more uncertainty in our supply chain and end markets,” the letter stated.

“The USMCA is a much-needed upgrade to NAFTA and is a win for America’s paint industry and U.S. manufacturing in general. We urge you to act now.”

The USMCA maintains and augments many benefits for the United States and its varied industries: promoting U.S. exports, boosting manufacturing, addressing changes in the modern economy over the last 25 years, including digital trade; and it also expands labor and environmental provisions in the original NAFTA for trading partner countries, among many other enhancements.

The USMCA simplifies the overall process of importation since trading partners must establish or maintain a single-window system enabling the electronic submission through a single point of the documentation and data necessary for importation. This single-window system’s electronic submission coupled with transparency procedures supports the use of blockchain for global supply chains. Blockchain may increase the efficiency and security of customs and product safety supply-chain traceability.

For months, ACA has urged Congress to partner with the current Administration to enact this important trade agreement to preserve the very real benefits that the coatings industry has seen from a North American trade accord over the past two and a half decades.

Contact ACA’s Heidi McAuliffe for more information.

The post USMCA: Coatings Industry Urges Swift Passage appeared first on American Coatings Association.

from American Coatings Association

Author: Fast n Clean Painters

Fast n Clean Painters offers superior painting services. Our experienced painting contractors are passionate about what they do and pay close attention to detail. Our services are personal and our goal is to go above and beyond our customer’s expectations. We treat your home or business as if it was our own!

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s