ETA Sends Members of Senate Finance Committee Letter of Support on the United States-Mexico-Canada Agreement for Hearing on President Trump’s 2019 Trade Agenda

Dear Senate Finance Committee Members:

On behalf of the members of the Electronic Transactions Association (ETA), I am writing in support of the United States-Mexico-Canada Agreement (USMCA). The USMCA would strengthen U.S. cross border digital trade leadership and advance electronic payment products and services ability to grow platforms and services that enable engagement with the digital economy. As Congress considers the many important provisions in the USMCA, we urge lawmakers to take into account the significance of the digital trade rules on the United States economy and to take the necessary steps to ratify the agreement.

ETA is the leading trade association for the payments industry, representing over 500 companies that offer electronic transaction processing products and services; its membership spans the breadth of the payments industry to include independent sales organizations, payments networks, financial institutions, transaction processors, mobile payments products and services, payments technologies, equipment suppliers, and online small business lenders.

Digital technology drives global commerce and ensures payments happen on time and in the right amount. The agreement sets a new and important precedent for modern trade rules that reflect the importance of data, technology, and innovation in the United States – and the North American – economy.

Read ETA’s full letter here.