Today, the Retail Industry Leaders Association (RILA) Vice President of International Trade Hun Quach issued the following statement responding to the release of the Administration’s North American Free Trade Agreement (NAFTA) renegotiation objectives:
“As the nation’s largest private sector employer, retailers are closely monitoring the administration’s efforts to modernize NAFTA, our nation’s most vital free trade agreement. An agreement that provides certainty and stability will boost American exporters and importers and enhance our nation’s competitive standing in the global market. Additionally, an updated agreement will spur billions in new investment in infrastructure across our nation’s retail supply chain and create thousands of good-paying jobs. As negotiations commence, RILA will continue to provide the retail perspective every step of the way to the Administration and Congress as they pursue a modernized trade agreement that will impact millions of U.S. jobs and every consumer in America."
To view RILA’s full trade priorities, click here.
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.