The United States-Mexico-Canada Agreement will create a more open trade landscape while removing unnecessary trade barriers.
SILVER SPRING, Md. The Security Industry Association (SIA) commends Congress and the administration on the signing of the much-anticipated United States-Mexico-Canada Agreement (USMCA).
The USMCA, the renegotiation of the North American Free Trade Agreement (NAFTA), acknowledges thoughtful and necessary changes that will create a fair-trade landscape while upholding pro-business principles in removing unnecessary trade barriers. The trilateral trade agreement will benefit the North American security industry immensely, open new opportunities to stimulate job growth and expand business operations into existing and emerging markets.
Specifically, U.S. companies seeking to expand operations into Mexico or Canada can rely on robust intellectual property (IP) protections that curb IP theft and copyright infringements; removal of data localization requirements which forced U.S. companies to store collected data in the host country versus the United States; and efficient procurement policies that streamline and digitize communications, acquisition timelines and important transactional information.
“The signing of the USMCA will bring significant benefits for the security industry and allow SIA’s members to invest in new opportunities internationally,” said SIA CEO Don Erickson. “Companies have navigated through the digital economy for years, and NAFTA – USMCA’s predecessor – required substantial reforms to reflect the current state of the market. USMCA incorporates these thoughtful, much-needed changes and creates a more open trade landscape by upgrading out-of-date trade policies and removing unnecessary trade barriers.”
In September 2019, SIA was proud to partner with the Latin American Security Association (ALAS) and the Canadian Security Association (CANASA) in publishing a joint statement supporting the ratification of USMCA. SIA, ALAS and CANASA – the leading representation of the security industry in North America – collectively represent more than 2,500 companies with business operations located in the United States, Mexico and Canada.
SIA is the leading trade association for global security solution providers, with over 1,000 innovative member companies representing thousands of security leaders and experts who shape the future of the security industry. SIA protects and advances its members’ interests by advocating pro-industry policies and legislation at the federal and state levels, creating open industry standards that enable integration, advancing industry professionalism through education and training, opening global market opportunities and collaborating with other like-minded organizations. As the premier sponsor of ISC Events expos and conferences, SIA ensures its members have access to top-level buyers and influencers, as well as unparalleled learning and network opportunities. SIA also enhances the position of its members in the security marketplace through SIA GovSummit, which brings together private industry with government decision makers, and Securing New Ground, the security industry’s top executive conference for peer-to-peer networking.