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SOCMA Urges USITC to Increase Collaboration with Trading Partners to Reduce Trade Barriers

October 08, 2020 / Prnewswire
SHARESHARESHARE

The Society of Chemical Manufacturers & Affiliates (SOCMA) today testified before the U.S. International Trade Commission (ITC) on the Economic Impact of Trade Agreements Implemented Under Trade Authorities Procedures, 2021 Report. The testimony focused on encouraging ITC to adopt the Rules of Origin from the United States–Mexico–Canada Agreement (USMCA) in future free trade agreements (FTAs) and additional barriers to trade and growth of the specialty chemicals industry. "USMCA has drastically improved conditions for specialty chemical manufacturers and SOCMA members, who have found benefit from the modernized chemicals rules of origin," said Robert F. Helminiak, SOCMA's Vice President, Legal & Government Relations. "We encourage USITC to maintain these standards in future trade agreements."