The energy sector continues to play a central role in North American trade, representing tens of billions in imports and exports and millions of American jobs. The USMCA is a modernized trade agreement that renews commitments to market-opening practices and secures American energy security and independence.
Ensures the free flow of energy within North America by maintaining the zero-tariff policy on energy products traded between the United States, Mexico, and Canada. This not only ensures energy costs remain affordable, but also strengthens North American energy security and independence by reducing reliance on foreign sources.
Protects U.S. investors from discriminatory practices by revising safeguards afforded by international arbitration via the Investor-State Dispute Settlement (ISDS) system.
Safeguards U.S. investors from the practice of “direct expropriation,” whereby the Mexican government takes private American investments to use for its own purposes.
ENERGY IMPORTS AND EXPORTS FROM CANADA
CANADA REMAINS THE UNITED STATES' PRIMARY SOURCE OF U.S. ENERGY IMPORTS.
IN EACH OF THE PAST THREE YEARS, THE VALUE OF U.S. ENERGY EXPORTS TO MEXICO HAS EXCEEDED THE VALUE OF U.S. ENERGY IMPORTS FROM MEXICO, REACHING
– NEARLY TWICE AS MUCH AS THE $11.1 BILLION VALUE OF U.S. ENERGY IMPORTS FROM MEXICO.