Lubbock Chamber Joins Letter Supporting USMCA
LUBBOCK, Texas – Late last week the Lubbock Chamber of Commerce joined over 100 business and agricultural organizations across Texas in support of the United States-Mexico-Canada Agreement (USMCA). The approval of USMCA is critical to the U.S. economy and Texas businesses that rely on trade with Canada and Mexico.
The proposed USMCA would expand opportunities for Texas farmers, manufacturers and workers by boosting economic growth and establishing a level playing field by encouraging free and fair trade among the United States, Mexico, and Canada.
According to a recent independent International Trade Commission (ITC) report, USMCA will create more than 176,000 additional jobs and raise the annual U.S. gross domestic product by $68.2 billion. It will increase U.S. exports to Canada by $19.1 billion and to Mexico by $14.2 billion. Passage of the USMCA is vital to not only the Texas economy but worldwide as it creates more opportunities for international trade expansion.
The Lubbock Chamber continues to fight for job creators and economically sound policies that reduce barriers, protect business and encourage community investment at the local, state and federal levels.
Read the letter sent to leadership in both the House and Senate signed by the Lubbock Chamber as well as fellow business leaders and organizations here