WASHINGTON, D.C.–The United States Mexico Canada Agreement is one step closer to being a done deal, and Indiana Sen. Todd Young (R), says Hoosiers will benefit once it passes the Senate and is ratified. Young voted in favor of the deal during a Senate Finance Committee meeting Tuesday.
“In my state, trade certainty with Canada and Mexico is vital. Over 233,000 jobs are directly attributable to our trade with Canada and Mexico,” said Young.
The agreement, which essentially replces the North American Free Trade Agreement, passed the committee 25-3.
“While not perfect, I know how cortical USMCA is for the state of Indiana and for our entire country, for farm country, for manufacturers and for businesses of all sizes.”
Young pointed out that Indiana makes about $19 billion per year exporting transportation equipment,k services and machinery.
“Our auto exports to Canada and Mexico have increased significantly in recent years. Since 2010, they have more than doubled,” he said. “Hoosier farmers benefit from a reliable trading relationship with our neighbors, especially as the future remains uncertain with many countries.”
The agreement must still pass the full Senate to be ratified.