Prepared
Floor Remarks by U.S. Senator Chuck Grassley of Iowa
Chairman,
Senate Finance Committee
Tuesday,
July 21, 2020
The USMCA entered into force on July 1,
and I am eager to see the modernized agreement deliver on its promise to spur
job growth for American farmers, workers, businesses and innovators as well as
create new opportunities with our North American trading partners.
USMCA fixes many problems under NAFTA,
and it also creates several new, modern trade provisions for our 21st century
economy.
However, there is still plenty of work
remaining to ensure that the agreement is implemented fully and properly.
I urge the Administration to be
expeditious in addressing any enforcement issues or non-compliance from our
trading partners under the dispute settlement mechanism.
I also encourage close consultation
between Congress and the Administration so that we may continue to be
successful in USMCA implementation efforts, allowing Americans to reap the
benefits of this agreement.