International. The Security Industry Association (SIA) commends members of the administration and the U.S. House of Representatives for their bipartisan leadership in passing the long-awaited United States-Mexico-Canada Agreement (USMCA).
"The USMCA, the renegotiation of the North American Free Trade Agreement (NAFTA), recognizes the thoughtful and necessary changes that will create a fair trade landscape while upholding pro-business principles to remove unnecessary trade barriers. The trilateral trade agreement will immensely benefit the North American security industry, open up new opportunities to stimulate job growth, and expand business operations in existing and emerging markets," the partnership statement said.
Specifically, U.S. companies looking to expand their operations to Mexico or Canada can rely on robust intellectual property (IP) protections that curb intellectual property theft and copyright infringement; elimination of data localization requirements that forced U.S. companies to store data collected in the host country versus the United States; and efficient procurement policies that streamline and digitize communications, acquisition timelines, and important transactional information.
In September 2019, SIA was proud to join with partners from the Latin American Security Association (ALAS) and the Canadian Security Association (CANASA) in publishing a joint statement supporting USMCA ratification. SIA, ALAS and CANASA, the leading representation of the security industry in North America, collectively represent more than 2,500 companies with business operations located in the United States, Mexico and Canada.
"USMCA will immensely benefit the security industry by allowing our members to invest in new opportunities overseas," said SIA CEO Don Erickson. "Businesses have navigated the digital economy for years, and USMCA's predecessor, NAFTA, required significant reforms to reflect that seismic shift. USMCA creates a more open trade landscape by updating outdated trade policies and removing barriers to entry."
SIA encourages the Senate to act quickly and ratify USMCA before submitting it to President Trump for final approval.
Leave your comment