SENATE MEMORIAL 1002 SUMMARY

• Urges the United States Congress to ratify the United States-Mexico-Canada Agreement (USMCA) as the modernized successor to NAFTA.

• Notes that more than 280,000 Arizona jobs depend on trade with Mexico and Canada, with trade increasing from $3.5 billion annually under NAFTA to $1.3 trillion annually between all three countries.

• Emphasizes USMCA's modernized provisions including improved intellectual property protections, de minimis thresholds for small businesses, and enhanced agricultural market access compared to NAFTA.

• Directs the Arizona Secretary of State to transmit copies of the memorial to Congress members, the President, and various federal agencies including the U.S. Trade Representative and Secretaries of Commerce, State, and Labor.