AEM Chair Rich Goldsbury: Don't Walk Away From NAFTA

Rich Goldsbury, Chair of AEM's Board of Directors and president of Doosan Bobcat North America, recently warned manufacturers about potential consequences that could occur if the United States decides to exit the North American Free Trade Agreement (NAFTA).

In a January 23 op-ed for U.S. News & World Report, Goldsbury noted that Canada and Mexico are the top two export markets (respectively) for both construction and farm equipment manufactured in the United States. Manufacturers sold $9.1 billion in construction equipment to Canada in 2015, and over $1 billion to Mexico during that same year. Farm equipment manufacturers sold $2.1 billion in machinery to Canada and $1.2 billion into Mexico in 2016.

'There are plenty of terrific opportunities to improve upon NAFTA to the benefit of manufacturers in the United States, as well as Canada and Mexico. But exiting the agreement altogether would risk U.S. equipment manufacturers' ability to sell to some of their most important customers,' he said.

To read the full op-ed, visit https://www.usnews.com/opinion/economic-intelligence/articles/2018-01-23/manufacturers-cant-afford-to-walk-away-from-nafta

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