Utah Valley Chamber Joins U.S. Chamber of Commerce and Other Business Organizations in Urging Congress to Pass USMCA

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Provo, UT – July 2, 2019- The Utah Valley Chamber joined the U.S. Chamber and hundreds of other business organizations across the country in signing a letter urging Congress to swiftly pass the U.S.-Mexico-Canada Agreement (USMCA).

“Utah County’s economic growth is driven by a number of different factors, including international trade. USMCA is critical to our economic future because it will preserve and strengthen U.S. trade ties to Canada and Mexico,” said President and CEO Rona Rahlf.

International trade is one of the most important factors driving Utah’s economic success. According to World Trade Center Utah, some 3,500 Utah companies directly engage in exporting. Thousands of businesses also use imported products. Some 95,000 Utah jobs are supported by international business. Utah county accounts for almost 15% of the state’s exports, nearly $2.16 billion in goods.

“As we have experienced in the past, a strong trade relationship with our closest neighbors yields favorable results for Utah companies,” said Miles Hansen, president and CEO of WTC Utah. “By solidifying USMCA, we remove many of the uncertainties faced during the negotiations and allow all parties to prosper within the stability of a long-term agreement.”

Trade with Canada and Mexico reached nearly $1.3 trillion in 2017, and the two countries bought more than one-third of all U.S. merchandise exports. In 2017, Utah exported nearly $1.9 billion in goods to Canada and Mexico. And in 2018, those numbers, while still being finalized, appear to have increased to over $2.3 billion.

 “Free trade is critical to Utah’s future and to the nation’s economy,” said Jeremy Hafen, Chairman of the Utah Valley Chamber of Commerce’s Board of Directors. “This agreement will preserve and strengthen the benefits of North American trade and is essential for Utah Valley’s business community.”

The Utah Valley Chamber of Commerce is a community of members that supports and advocates for its member businesses and promotes a healthy and robust business environment in Utah County.

If you would like more information about this topic, please call Rahlf at 801-851-2562 or email rona@thechamber.org

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