NAFTA Works for America


Now is the time to modernize the North American Free Trade Agreement

Trade with Canada and Mexico is a significant driver of U.S. economic growth, and with a two-decade record to examine, it’s plain to see that the North American Free Trade Agreement (NAFTA) has generated substantial new opportunities for U.S. workers, farmers, consumers, and businesses.

More than 125,000 small and medium-size businesses export to our two North American neighbors, and they are our largest export markets by far. Most important, trade with Canada and Mexico supports 14 million American jobs.

The business community welcomes the opportunity to update the agreement, and as NAFTA negotiations are underway, the U.S. Chamber understands that now is the time to modernize NAFTA.

Contact Congress

Take Action

 

14 M

___

American jobs supported by trade with Canada and Mexico

Source

 

350%

___

increase in agricultural exports since NAFTA enactment

Source

 

125,000

___

small-and medium-size businesses sell goods and services to Canada and Mexico

Source

 

$79 B

___

cumulative trade surplus in manufactured goods with Canada and Mexico, 2008-2014

Source

NAFTA Works for US

 

Myths and Facts about NAFTA

 

Myth:

NAFTA sent U.S. factory jobs abroad with a “giant sucking sound.”
 

Fact:

It never happened.

U.S. manufacturers added more than 800,000 jobs in the four years after NAFTA entered into force, according to the Bureau of Labor Statistics. This boom in factory jobs came after a period before NAFTA entered into force (1980–1993) when the United States lost nearly 2 million manufacturing jobs. Canada and Mexico are the top two destinations for U.S. manufactured goods exports, which all told support more than half of America’s 12.3 million factory jobs.


Myth:

NAFTA added to the U.S. trade deficit.
 

Fact:

With regard to Canada and Mexico, the United States ran a cumulative trade surplus in manufactured goods of more than $79 billion over the past seven years (2008-2014).

For services, the U.S. surplus was $41.8 billion in 2014 alone. The fact that substantial U.S. petroleum imports from Canada and Mexico contribute to the overall U.S. trade deficit stems from geology—not NAFTA.


Myth:

NAFTA has contributed to unemployment.
 

Fact:

The U.S. unemployment rate was markedly lower in the years immediately after NAFTA came into force (it averaged 5.1% in 1994–2007) than in the period immediately before (it averaged 7.1% in 1982–1993).

Trade with Canada and Mexico supports nearly 14 million U.S. jobs, and nearly 5 million of these jobs are supported by the increase in trade generated by NAFTA, according to a comprehensive economic study commissioned by the U.S. Chamber. 

Facts on NAFTA cover

 

 

Download The Facts on NAFTA to learn more

 

 

 

Recent Activity

Above the FoldMar 21, 2018 - 9:00am
Wilbur Ross, U.S. commerce secretary, right, and Robert Lighthizer, U.S. trade representative.

Question Time on Trade

U.S. Trade Representative Robert Lighthizer will appear before the House Committee on Ways and Means and the Senate Committee on Finance on Wednesday and Thursday, respectively (watch here and here at 10 a.m. each day).

Above the FoldFeb 13, 2018 - 12:00pm
Canadian, American and Mexican flags stand on stage ahead of the first round of North American Free Trade Agreement negotiations in Washington, D.C.

The Case for a 'Fully Enforceable' NAFTA

When it comes to trade agreements, most Americans like them “strong and enforceable.” As the U.S. Chamber of Commerce has often said, the commitments in a trade pact aren’t worth the paper they’re written on if they can’t be enforced.

Above the FoldJan 29, 2018 - 9:00am
President Donald Trump speaks at the World Economic Forum in Davos, Switzerland.

Reminder From Davos: Trade Moves on Without Us

World leaders gathered last week in Davos, Switzerland, for the annual World Economic Forum, where evidence of the realities and opportunities of our global economy were on full display. President Trump attended the forum and heard from many leaders eager to do business with America.

Above the FoldJan 24, 2018 - 2:30pm
Italian national team goalkeeper Gianluigi Buffon during the 2006 FIFA World Cup.

Gutting NAFTA’s Procurement Rules Could Cost Americans Billions

In soccer, an “own goal” occurs when a player causes the ball to go into his or her own team’s goal, resulting in a goal being scored for the other team.

This can happen in trade, too. One example from the North American Free Trade Agreement (NAFTA) negotiations has left some U.S. business leaders shaking their heads in disbelief.

Above the FoldJan 23, 2018 - 1:30pm
Attendees at the 2018 North American International Auto Show in Detroit, MI.

The Most Important Gathering for America’s Auto Industry? It’s in Montreal, not Detroit.

For America’s automotive industry, the most important gathering taking place this week may actually be in Montreal, not the Motor City.

America's small businesses support NAFTA
 

Meet the faces of Trade

Stay up to date on NAFTA negotiations
 

North American Economic Alliance