MONTREAL, QUEBEC—The Plastics Industry Association (PLASTICS), the Canadian Plastics Industry Association (CPIA) and the Asociación Nacional de Industrias del Plástico A.C. (ANIPAC) concluded a meeting in Montreal today where the three major North American plastics trade associations called on trade negotiators to provide the business community with some certainty regarding their efforts to strengthen the North American Free Trade Agreement (NAFTA).
The three organizations also reiterated their support for continuing and strengthening NAFTA, which they argue has the potential to become even more beneficial to each member countries’ economy with the right adjustments.
“The North American plastics industry continues to speak with one voice when it comes to NAFTA,” said PLASTICS Executive Vice President Patty Long after the meeting. “While we believe renegotiation presents an opportunity to make NAFTA even stronger, a signal to the manufacturing community that progress is being made would calm the market’s nerves and give businesses the certainty they need to begin making new investments.”
“As we’ve noted previously, the plastics industries of the U.S., Canada and Mexico all stand to benefit greatly from an updated NAFTA,” said CPIA President Carol Hochu. “Right now many businesses are waiting to see how the negotiations conclude before making new investments. A show of progress would give them the green light to plan for future growth.”
“It’s been six months since the release of our industry’s priorities after our three organizations met in Mexico City last July, and our commitment to a modernized NAFTA is stronger than ever,” said ANIPAC President Juan Antonio Hernández. “We look forward to learning more about negotiators’ progress on an agreement that advances innovation in manufacturing across North America and encourages companies to grow their business and their workforce.”