Washington, D.C. – July 1, 2020 – The Electronic Transactions Association (ETA), the global trade association for the payments technology industry, welcomes the modernization of trade relations between the U.S., Mexico and Canada as the United States-Mexico-Canada-Agreement (USMCA) comes into force today.
“ETA and its members applaud the USMCA entering into effect today - a milestone in North America's trade partnership.” said Jodie Kelley, CEO of ETA. “This trilateral trade agreement will modernize our existing trade relationship with our neighbors by adapting to the global economy we live in today. This agreement fosters innovation by strengthening cross border digital trade, providing critical privacy protections, and advancing electronic payment products and services that enable 21st century financial engagement."
The USMCA contains improvements and significant advancements in the approaches to the rules of origin, intellectual property, digital trade, financial services, and numerous other sectors. These enhancements will expand market access and provide stronger protections and new opportunities for Americans.
The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $21 trillion in purchases worldwide and deploying payments innovation to merchants and consumers.
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Source: Company press release.