Over 61,000 Jobs Supported by Trade with Canada and Mexico
Washington – A new study from Business Roundtable finds that international trade supports 205,200 jobs in Idaho, representing more than one out of every five jobs in the state.
Trade with Canada and Mexico alone supports 61,200 jobs in Idaho, highlighting the need to preserve and strengthen the North American trading relationship by passing the United States-Mexico-Canada Agreement (USMCA) this year. Exports from Idaho to Canada and Mexico have increased by 445 percent since the implementation of the North American Free Trade Agreement (NAFTA).
"The CEO members of Business Roundtable, who lead companies with more than 15 million employees, strongly support congressional passage of USMCA implementing legislation this year. We stand united to preserve and modernize North American trade, which supports over 12 million jobs and a strong U.S. economy," said Tom Linebarger, Chairman and CEO of Cummins Inc. and Chair of the Business Roundtable Trade & International Committee.
The study – prepared by Trade Partnership Worldwide with the latest-available employment data from 2017 – examines the net impacts of both exports and imports of goods and services on U.S. jobs in all 50 states. It also compared 2017 data to pre-NAFTA data from 1992. The study found that trade-supported jobs in Idaho increased by 85 percent from 1992 (when NAFTA was implemented) to 2017 – three times faster than total employment.
The study also reveals:
Idaho exported $1.3 billion in goods and services to Canada and Mexico in 2017;
Goods and services exports account for 7.8 percent of Idaho’s total GDP; and
Trade has a positive net impact on both the services and manufacturing sectors across the country.
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