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The following statement can be attributed to John Mitchell, president and CEO of IPC, a global electronics industry association:
“The electronics manufacturing industry is pleased that the U.S. House approved the U.S.-Mexico-Canada Agreement (USMCA) with broad bipartisan support. Now we call on Senate Majority Leader Mitch McConnell (R-KY) to bring the legislation to a successful vote in the Senate as soon as possible.
“With electronics exports making up over 30% of U.S. exports of manufactured goods, natural resources and energy exports to Mexico and nearly 20% of such exports to Canada, USMCA will pave the way to continued prosperity for electronics manufacturers, U.S. workers and consumers.
“An approved agreement will also accelerate IPC’s efforts to launch new initiatives in Mexico and bolster the industry’s confidence in making investments in human resources and equipment in all three nations.”
Earlier this month, IPC sent a letter to all members of the U.S. Congress, urging them to vote promptly and affirmatively on the USMCA implementing legislation.
In May, IPC released a study that found the total value of U.S. electronics trade with Canada and Mexico was $155.5 billion in 2017, with trade in electronic systems and components being especially important to the North American automobile industry. Mexico imports 34% of U.S. printed circuit board production—larger than the next four largest markets combined.
IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 5,700 member-company sites which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Washington, D.C.; Atlanta, Ga.; Brussels, Belgium; Stockholm, Sweden; Moscow, Russia; Bangalore and New Delhi, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.