Tech group urges Congress to pass new NAFTA

Tech group urges Congress to pass new NAFTA

TechNet, a network of technology CEOs, wrote to Congress on Tuesday expressing their support for President TrumpDonald John TrumpTrump opens new line of impeachment attack for Democrats Bloomberg to spend 0M on anti-Trump ads in battleground states New witness claims first-hand account of Trump's push for Ukraine probes MORE’s revised North American trade deal.

The U.S.-Mexico-Canada Agreement (USMCA), which Trump signed to replace the North American Free Trade Agreement (NAFTA) in November, faces an uphill battle in Congress. The letter was sent ahead of the U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerPelosi sounds hopeful on new NAFTA deal despite tensions with White House On The Money: Economy adds 164K jobs in July | Trump signs two-year budget deal, but border showdown looms | US, EU strike deal on beef exports Chinese, US negotiators fine-tuning details of trade agreement: report MORE’s trip to Congress on Tuesday to give an update on the agreement.

“Much has changed in our economy since the North American Free Trade Agreement (NAFTA) was ratified 24 years ago. Since then, the internet has revolutionized the way we do business, and digital trade has become a major driver of economic growth worldwide,” TechNet’s CEO, Linda Moore, wrote in the letter to the Senate Finance Committee.


A similar letter went to the House Ways & Means Committee. 

The USMCA promotes “market access, boosts digital trade, protects intellectual property and encourages the free flow of data across boarders," TechNet’s vice president of federal policy, government relations and communications, Alex Burgos, told The Hill on Tuesday.

He added, "it is a net plus for the American economy, American workers and would usher in a new era of economic prosperity for the continent” and that the association “whole-heartedly” supports USMCA and hopes Congress can get it passed as soon as possible.

TechNet’s membership ranges from startups to giant tech companies and represents over three million employees in the fields of information technology, e-commerce, the sharing and gig economies, advanced energy, cybersecurity, venture capital, and finance.

The group also signed on to a letter in April pushing for passage of USMCA with other tech trade associations following the release of the U.S. International Trade Commission report on the agreement.