Tag Archives: North American Free Trade Agreement

U.S.-Mexico-Canada Agreement Enters Into Force

USMCA

On July 1, the U.S.-Mexico-Canada Agreement entered into force, officially replacing the North American Free Trade Agreement. USMCA is the first trade agreement ever to include a full chapter dedicated to small business interests. The modernization of trade with Mexico and Canada under USMCA is designed to benefit U.S. small businesses. It will also ensure more balanced trade. U.S. companies with fewer than 500 employees comprise 65 to 70 percent…

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Maquilas Remain Critical to Border Economy

Keith Patridge, president and chief executive officer of the McAllen Economic Development Corporation, discusses the maquiladora program and its continued growth along the U.S.-Mexico border. (VBR)

The U.S.-Mexico border region is a hotbed of global competition that began with the creation of the maquiladora program in 1964. In the past 40-plus years, the twin-plant concept has certainly pumped enormous amounts of money. It has also led to the creation of thousands of jobs benefiting both countries, and there is no sign it will slow down. Established by Mexico as the Border Industrialization Program, a maquiladora is…

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Trade Pact Seen as Positive

Keith Patridge, president and chief executive officer of the McAllen Economic Development Corporation, discusses international trade and the possible impact of a new trade agreement. (VBR)

While the United States-Mexico-Canada Agreement, the replacement for the North American Free Trade Agreement, waits for ratification by all three countries involved, indications are that the new trade deal will be good for the South Texas economy, and all along the U.S.-Mexico border. “What was happening under NAFTA, and this was a problem with NAFTA, it opened up plants being able to move to Mexico without any type of restriction…

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South Texans Asked to Weigh in on NAFTA

USMCA

17 Topics make up NAFTA input In light of an intent by the federal government to renegotiate the North American Free Trade Agreement, U.S. Congressman Vicente Gonzalez (D-McAllen) is asking stakeholders in South Texas to submit comments on the modernization of NAFTA. “Since its inception 25 years ago, the North American Free Trade Agreement has been a vital part of our relationship with our North American neighbors, Canada and Mexico,”…

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