NACD Welcomes Passage Of USMCA Trade Deal
The National Association of Chemical Distributors (NACD) applaud the passage of the United States-Mexico-Canada Agreement (USMCA) that replaces the North American Free Trade Agreement, the association announced in a statement.
In addition to supporting the free flow of trade across North America, NACD believes the agreement also makes improvements on issues related to the chemical distribution industry.
“We are pleased congress and the Trump administration were able to negotiate a final agreement that will bring about significant benefits to the American economy as a whole and for chemical distributors specifically,” says Eric R Byer, chief executive officer of NACD. “The new Chemical Sectoral Annex, in particular, will create greater clarify around the responsibilities of the chemical sector within USMCA by identifying regulatory authorities in each country, foster information exchange, and produce greater alignment on how to approach chemical risk assessments.”
NACD also likes that the agreement focuses on what it deems to be good regulatory practices that eliminate duplicate and unnecessary regulations, says Beyer.