NAFTA Works | U.S. Chamber of Commerce

NAFTA Works for America


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

The Future of NAFTA: The Stakes for American Agriculture and Business

 

This half-day panel-driven event features speakers from agriculture and business to share views on why modernizing NAFTA makes sense — and why withdrawing from the agreement would be a mistake.

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.

More than 300 state and local chambers of commerce, representing businesses from all 50 states, have expressed their support for a modernized NAFTA.

Add your voice today. Urge the Administration and Congress to protect and preserve the economic benefits we enjoy thanks to NAFTA.

NAFTA Works for US

 

Tom Donohue's Address to AmCham Mexico

 

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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. 

Read more about The Facts on NAFTA

Recent Activity

Above the FoldNov 17, 2017 - 4:30am
NAFTA withdrawal scale.

Which States Would Be Hit Hardest by Withdrawing from NAFTA?

Imagine the scene: The U.S. unemployment rate is climbing. Crops in the heartland are rotting. Manufacturers are moving abroad. Consumer prices are rising.

Above the FoldNov 14, 2017 - 9:00am
A combine harvesting wheat near Wasco, Oregon.

Terminating NAFTA Would Devastate American Agriculture: The View of a Wheat Farmer

Editors' note: Gordon Stoner is President of the National Association of Wheat Growers. He was a panelist at an October 31, 2017 U.S. Chamber event, "The Future of NAFTA: The Stakes for American Agriculture and Business."

Above the FoldNov 07, 2017 - 9:00am
Pigs in a pen.

Terminating NAFTA Would Devastate American Agriculture: The View of a Hog Farmer

Editors' note: Randy Spronk is a pork producer from Edgerton, MN. He was a panelist at an October 31, 2017 U.S. Chamber event,"The Future of NAFTA: The Stakes for American Agriculture and Business."

Above the FoldNov 03, 2017 - 4:15pm
Cattle graze in St. Lucie County, FL.

NAFTA’s Future Spawns Uncertainty and Opportunity for Agriculture and Energy

Negotiations to update North American Free Trade Agreement (NAFTA) are generating lots of reactions. Two of them being senses of uncertainty and opportunity.

Above the FoldOct 16, 2017 - 4:00pm
Canadian, American and Mexican flags stand on stage ahead of the first round of North American Free Trade Agreement negotiations in Washington, D.C.

America Last? Four Examples of How the NAFTA Follies Hurt U.S. Exporters

As negotiations to update the North American Free Trade Agreement (NAFTA) continue, a moment of truth is at hand.

America's small businesses support NAFTA
 

Meet the faces of Trade

Stay up to date on NAFTA negotiations
 

North American Economic Alliance