WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), today issued the following statement after President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) into law:
“Today’s action is the culmination of bipartisan congressional and administration cooperation, and I applaud all of the public officials who made it a reality. Trade agreements provide important rules of the road to companies operating in multiple countries. As such, there is a strong relationship between trade agreements and competitiveness for foreign direct investment. That’s good news because international companies operating in the United States employ 7.4 million U.S. workers and have created 61 percent of all new U.S. manufacturing jobs over the past five years. In addition, the average U.S. worker at an international company earns more than $84,000 annually, 26 percent more than the U.S. private-sector average.”
Representing the U.S. operations of many of the world's leading international companies, OFII ensures that policymakers at the federal, state and local level understand the critical role that foreign direct investment (FDI) plays in America’s economy. OFII advocates for fair, non-discriminatory treatment of foreign-based companies and promotes policies that will encourage them to establish U.S. operations, which in turn increases American employment and U.S. economic growth. For more information, please visit www.OFII.org.