[Congressional Record Volume 166, Number 19 (Wednesday, January 29, 2020)]
[House]
[Page H637]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
UNITED STATES-MEXICO-CANADA TRADE AGREEMENT BECOMES LAW
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Pennsylvania (Mr. Thompson) for 5 minutes.
Mr. THOMPSON of Pennsylvania. Mr. Speaker, today, at long last, the
United States-Mexico-Canada trade agreement, USMCA, will officially
become law. USMCA is a major win not only for American farmers,
ranchers, manufacturers, and business owners, but for each and every
American who depends on these industries.
Thanks to the leadership of the Trump administration, we are
delivering real results for the men and women who are the backbone of
the American economy. Freer markets, fairer trade, and increased
opportunity are on the horizon as USMCA is signed today and
implemented.
The numbers are staggering: more than $68 billion in new economic
activity, approximately 176,000 new jobs, and an increase of more than
$2 billion a year in agriculture exports. It is no wonder that USMCA
passed with overwhelming bipartisan support in both the House and the
Senate.
USMCA brings particularly good news for the Commonwealth of
Pennsylvania. In 2018 alone, Pennsylvania exported approximately $15
billion in goods to Canada and Mexico, and USMCA continues to open
doors for our producers.
As Pennsylvania's number one industry, agriculture is vital to the
health of both the economy and our residents, as our farmers provide
the food, the fiber, the energy, the building materials, and all that
we depend upon. With increased market opportunities, the future of the
Keystone State is brighter than ever.
That being said, it is impossible to talk about the impact USMCA will
have on Pennsylvania without talking about dairy. For far too long, our
Nation's dairy producers have been subject to Canada's unfair class 6
and class 7 ultrafiltered pricing programs, limiting our export
potential both into Canada and, quite frankly, into Third World
countries as Canada floods them with dairy components of whey and
lactose, proteins and powdered milk. Thanks to USMCA, this is a thing
of the past.
A 21st century economy requires 21st century trade policy, and with
USMCA, we are sending a crystal-clear message to our trade partners
around the globe: America is open for business.
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