The Motor & Equipment Manufacturers Association (MEMA), has released the following statement in regards to the United States Mexico Canada Agreement (USMCA) entry into force today, July 1, 2020:
Today’s USMCA entry into force is a strong, bipartisan achievement by Congress and the Trump Administration. The USMCA will strengthen North American supply chains as well as U.S. job creation and economic growth. With 90 percent support in Congress, the USMCA may prove to be a new model for trade in the hemisphere and beyond.
MEMA was one of the earliest supporters of the UMSCA, as we understood it would enhance the regional economy in our sector. MEMA is grateful for the transparent process with which USTR has engaged stakeholders on the new automotive rules of origin issues. However, these changes will not be without challenges for our members to implement. As implementation moves forward, MEMA intends to stay active and address these challenges.
Finally, MEMA salutes President Donald Trump, Prime Minister Justin Trudeau of Canada, and President Andrés Manuel López-Obrador of Mexico for their leadership on this momentous day. We also appreciate the hard work of our fellow vehicle and parts associations in all three countries to achieve a positive USMCA outcome.
For more information, please visit www.mema.org
Based in North Carolina, HDMA is the Commercial Vehicle Division of the Motor & Equipment Manufacturers Association (MEMA), a major industry association with a forward looking strategy and a 115-year legacy of advocacy for the motor vehicle supplier industry.
A member-driven organization, HDMA provides industry leadership for NAFTA based original equipment and aftermarket suppliers in the on and off-highway commercial vehicle equipment industry. This is accomplished through a range of services to its more than 200 member companies, which represent direct employment of nearly 200,000 in their US facilities.
For more information, visit www.hdma.org or www.mema.org.
The Motor & Equipment Manufacturers Association (MEMA) and its four specialized divisions comprise the leading international trade association in the fast-changing mobility industry. Representing vehicle suppliers that manufacture and remanufacture components, technologies, and systems for use in passenger cars and heavy trucks, MEMA serves as a critical bridge between high-tech capabilities in new vehicles—such as autonomous vehicles and vehicle connectivity—and the “nuts and bolts” of vehicle manufacturing. MEMA works at state, Federal, and international levels to ensure that the marketplace and public policy support the development of advanced, transformative technologies that enable safer, smarter, and more efficient vehicles. By directly employing more than 734,000 Americans and generating a total employment impact of 3.6 million jobs, MEMA’s member companies are the largest sector of manufacturing jobs in the U.S. MEMA’s members are represented through four divisions: Automotive Aftermarket Suppliers Association (AASA), Heavy Duty Manufacturers Association (HDMA), Motor & Equipment Remanufacturers Association (MERA) and Original Equipment Suppliers Association (OESA). For more information on how MEMA is leading transformation in the mobility industry, visit www.mema.org.