Trade at a crossroads Plastics industry calls for free trade amid tariff challenges

Source: Plastics Industry Association 1 min Reading Time

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In light of new tariffs, industry leaders from the U.S., Mexico, and Canada emphasize the critical need to maintain strong trade partnerships to sustain growth and competitiveness in key sectors like healthcare, automotive and consumer goods.

The Plastics Industry Association strongly urged North American governments to continue working together to maintain free trade.(Source:  free licensed /  Pixabay)
The Plastics Industry Association strongly urged North American governments to continue working together to maintain free trade.
(Source: free licensed / Pixabay)

Representing the critical plastics industries in the U.S., Mexico, and Canada, The Plastics Industry Association (Plastics), Asociación Nacional de Industrias del Plástico, A.C. (Anipac), and Chemistry Industry Association of Canada (Ciac) Plastics Division collectively express the vital role of North American trade in supporting the growth of plastics manufacturing, job creation and regional economic stability, and the importance of maintaining a strong free trade environment.

“North American trade is the backbone of a strong manufacturing economy, facilitating the seamless movement of essential raw materials, intermediate goods, and finished products that fuel industries such as healthcare, automotive, consumer goods, and infrastructure”, Plastics stated in a press release, continuing that “the plastics industry contributes significantly to innovation, economic growth, and sustainability, reinforcing the importance of strengthening and expanding robust trade partnerships between the U.S., Canada, and Mexico.”

In 2023, the trade volume in the plastics industry crossing the borders between the three countries was nearly 242 billion dollars. “North American trade partnerships enable manufacturers in a broad array of industries to deliver high-quality products at affordable prices, benefiting businesses and consumers. Without these critical trade relationships, the cost of production would rise, limiting economic growth and reducing consumer choice across all industries that are heavily reliant on plastics,” Plastics emphasized

“Our organizations support policies that strengthen North American trade, ensuring that manufacturers in our region continue to thrive in a competitive global economy. By working together, we can promote growth, strengthen supply chains, and enhance the economic well-being of the entire region. We strongly urge our respective governments to continue working together to maintain free trade in North America,” the statement concludes.

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