“MEMA members operate in a global industry with suppliers, customers, and facilities worldwide,” said MEMA President and CEO Steve Handschuh in the statement. “Open markets and integrated supply chains provide the framework for economic growth and jobs in our industry. NAFTA has served our industry, the American worker, and the U.S. economy well.”
While MEMA supports NAFTA, the motor vehicle parts supplier industry also recognizes that some components of the 23-year-old agreement can be modernized, Handschuh said, such as: encouraging more cooperation between the participating countries and the industry to improve international trade; creating forums for investor-state disputes; enforcing intellectual property rights; and promoting a harmonized regulatory system.
In January, MEMA released an economic impact study that defines the critical role that motor vehicle parts suppliers play in the U.S. economy. The stability and integration of the North American supply chain has been particularly beneficial to suppliers, contributing to growth in jobs and investments in the United States. MEMA adamantly supports reasonable tax and trade policies that will allow this trend to continue.
MEMA and its four specialized divisions comprise a leading international trade association in the fast-changing mobility industry. MEMA’s members are represented through four divisions: Automotive Aftermarket Suppliers Association (AASA), Heavy Duty Manufacturers Association (HDMA), Motor & Equipment Remanufacturers Association (MERA), and Original Equipment Suppliers Association (OESA). For more information on how MEMA is leading transformation in the mobility industry, visit www.mema.org.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/motor–equipment-manufacturers-association-voices-strong-positions-in-lead-up-nafta-discussions-300473972.html
SOURCE Motor & Equipment Manufacturers Association