Arizona business leaders have high hopes as new trade agreement takes effect
“The deal touches industries as varied as Lucid Motors, a new electric car manufacturer in Pinal County, according to Ciscomani.” The first phase of construction for Lucid Motors’ new factory in Casa Grande, Arizona, is scheduled for completion in late 2020 in readiness for start of production on the company’s first car, the Lucid Air.
There’s often not much agreement on news out of Washington, but Arizona business leaders were hard-pressed this week to come up with negatives about the United States-Mexico-Canada Agreement that took effect Wednesday.
The deal, which has been several years in the making, replaces the 25-year-old North American Free Trade Agreement that created the three-country trading zone that economists say has been worth billions in trade and thousands of jobs in Arizona alone.
“USMCA cements this trilateral alliance – it’s really historic,” said Julie Pastrick, president and CEO of the Greater Flagstaff Chamber of Commerce and a member of the Arizona-Mexico Commission board.
