WASHINGTON – Today, ITI applauded the U.S. Senate on its passage of legislation to implement the United States-Mexico-Canada Agreement (USMCA). The landmark agreement will modernize North America’s trade relationship, support the U.S. economy, and bring predictable rules for all companies that use digital technologies in North America.
“Ratification of the USMCA offers first-of-its-kind, cutting-edge digital trade provisions that recognize the reality of the 21st century economy and represents a key step forward for U.S. leadership in innovation and digital trade,” said Jason Oxman, ITI President and CEO. “Further, this critical and historic pact will modernize the United States’ economic relationship with Canada and Mexico – two of its largest trading partners. U.S. companies of all sizes and across all industries leverage technology and can expect to benefit from its forward-looking approach. Half of all value created in the global economy over the next decade will be created digitally, yet North America’s current trade pact mentions the telegraph – but not the internet. We applaud the U.S. Senate for ratifying the USMCA and setting a new standard that will assure a thriving, innovative North American economy.”