PESA welcomed the implementation of the U.S.-Mexico-Canada Agreement (USMCA), which will strengthen U.S. energy while benefiting American workers and consumers.
“PESA applauds the implementation of USMCA. The energy trade between the U.S. and Canada is worth nearly $1 trillion dollars a year, and the trade between the U.S. and Mexico is worth over $35 billion a year. Implementation of USMCA will provide certainty to our sector, support jobs, benefit the U.S. economy and help provide energy security to the entire North American continent. USMCA maintains the free flow of energy across North America, including automatic LNG export approvals for LNG originating in the U.S. As USMCA is implemented, PESA will continue to advocate for fair trade and the OFS sector,” said PESA VP Government Affairs Tim Tarpley.
According to the Business Roundtable, cross-border trade with Canada and Mexico supports 12 million American jobs and totaled nearly $1.3 trillion in 2017. Mexico and Canada are also top destinations for U.S. energy products with Mexico now the No. 1 export market for U.S. natural gas and refined products. Meanwhile, Canada is the biggest customer for U.S. crude oil, accounting for more than 30 percent of total crude oil exports.
For more information on USMCA, please contact PESA VP Government Affairs Tim Tarpley.