COLUMBUS— On Tuesday, State Senator Bob Peterson (R-Washington Court House) issued the following statement regarding the United States-Mexico-Canada Agreement announcement:
"Ohio does nearly $25 billion in export trade with Mexico and Canada, our economy depends on this trade. I am pleased to see Congress finally ratify USMCA," said Peterson. "This agreement is a huge win for Ohio's agriculture and food industries, for farmers, manufacturers, workers and businesses."
The agreement, which will replace the North American Free Trade Agreement, will create a more level playing field for American workers, remove barriers for small businesses, and encourage more goods and materials to be manufactured in the United States. It will also strengthen the food and agriculture trade between the three countries and create new protections for U.S. intellectual property.
The U.S. International Trade Commission estimates that USMCA will increase the United States' GDP by $68.2 billion and create 176,000 jobs, including 76,800 jobs in the U.S. automotive industry.
The Ohio Senate recently passed Senate Resolution 376, urging Congress to ratify the USMCA.
Additionally, several Ohio organizations strongly support the USMCA and testified in support of SR 376, including the Ohio Chamber, the Ohio Farm Bureau Federation, the Ohio Manufacturers' Association, the Ohio Soybean Council, the Ohio Corn and Wheat Growers Association, and other agricultural groups. Read their statements here.