Dow strongly supports the US-Mexico-Canada Agreement (USMCA) and is committed to its ratification. “The USMCA is critical for the future growth of U.S. manufacturing and chemical industry,” said Kevin Kolevar, vice president of Global Government Affairs at Dow. “Canada and Mexico are important export markets for Dow’s differentiated materials science solutions. We congratulate all three Administrations for renewing this critical trade agreement and demonstrating mutual commitment to free, fair and expanded trade. Global trade directly supports one in five of Dow’s U.S.-based jobs. With more than half of the Company’s global manufacturing operations located in the U.S., exports and opportunities to innovate will enable future investment and create jobs across our industry.”
Dow sees substantial benefits from the USMCA, including:
- Enhanced regulatory cooperation: these provisions reduce unnecessary burdens and streamline regulatory decision-making to facilitate increased cross-border trade, reduce costs and provide more certainty for businesses and the public, while maintaining high levels of protection for human health and the environment.
- Upgraded key intellectual property enforcement: as an innovative science and technology company, it is critical to protect our intellectual property throughout the world.
- Empowers digital trade: these provisions ensure free flow of data and prevent data localization practices, ensuring global value chains can fully leverage advanced technology to remain competitive and support manufacturing and economic growth in the U.S. and North America.
- Maintains duty free access for chemicals.
Dow strongly urges the U.S. Congress to ratify the USMCA.