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 FoldJan 10, 2018 - 6:00pm
U.S. Chamber President and CEO Tom Donohue (right) and Neil Bradley, executive vice president and chief policy officer, at the 2018 State of American Business press conference.

U.S. Chamber Hopes for Progress on NAFTA, Infrastructure, Immigration

After Tom Donohue laid out the U.S. Chamber’s 2018 agenda in the State of American Business Address, the President and CEO joined Executive Vice President and Chief Policy Officer Neil Bradley for questions from the Washington, D.C. press corps.

Above the FoldDec 15, 2017 - 3:00pm
A pedestrian walks past plants displayed for sale in Manhattan's flower district in New York.

What a Small Milwaukee Flower Shop Teaches Us About Trade and NAFTA

On Above the Fold, we recently examined the 12 states that would be hit hardest by a withdrawal from NAFTA. Over the coming weeks, we’ll take a close look at one small business in each of those states that depends on NAFTA. Check back for future installments.

Above the FoldDec 07, 2017 - 3:15pm
An employee on the production line at the General Motors assembly plant in Arlington, TX.

The Chief Beneficiary of NAFTA is Hidden in Plain Sight

As the Trump Administration works to modernize the North American Free Trade Agreement (NAFTA), American companies of every size, sector, and state have been reassessing the agreement’s importance.

Above the FoldDec 06, 2017 - 3:45pm
A combine harvests hard red winter wheat in Zurich, KS.

Agriculture Sows Support for NAFTA

NAFTA continues to be top of mind as the latest round of negotiations on modernizing the trade agreement concluded late last month.

Above the FoldNov 28, 2017 - 2:45pm
Blazers hang in a clothing factory in New York City.

How to Keep NAFTA Dressed for Success

Textile and apparel executives, and their U.S. workers, are nervously eyeing the ongoing negotiations to modernize the North American Free Trade Agreement (NAFTA). Concerns around possible job losses in this sector are running high and rising.

America's small businesses support NAFTA
 

Meet the faces of Trade

Stay up to date on NAFTA negotiations
 

North American Economic Alliance