Transcript for Trump signs new trade deal with Mexico, Canada

We're gathered together this afternoon. Very very historic. Occasion. He's signing ceremony for a brand new trade you know. The United States. Mexico. Canada agreement. So important. I'm honored to be here with the president and rake any. Peña he had to. Become a great friend. Mexico and prime minister Justin to go who has also become a great friend who's been a battle. And battles sometimes make great friendship so it's really terrific. With us signatures today we will formally declare the intention of our three countries to replace. NAFTA. With the US MCA. They truly groundbreaking. Achievement. Modern day agreement the US MCA is the largest most significant modern and balance trade agreement in history. All of our countries will benefit greatly. It is probably the largest rate deal ever made Eagles. In the United States the new trade pact will support high paying manufacturing jobs and promote greater access. For American exports across the range of sectors including our farming. Manufacturing. And service industries. As part of our agreement the United States will be able to lock in our market access to Canada and Mexico. And greatly expand our agricultural. Export something we've been wanting to do for many years. This is an amazing deal for our farmers and also allows them to use cutting edge biotechnology. And eliminates non scientific barriers. Our nations have also agreed to innovate. New measures to ensure fair competition. And promote high wages and higher wages. For US and North American auto workers the auto workers are tremendous beneficiaries. Under the US MCA at least 75% of our automobiles content must be manufactured. In North America. And forty to 45% of automobile got that must be manufactured by North American high wage labor. In order to gain preferential access to our markets. This will help stop auto jobs from going overseas. And it will bring back order jobs that have already left many many jobs are already planning. To come back. Many companies are coming back. And we're very excited about that. This landmark agreement includes intellectual property protection that will be the envy of nations all around the world. The US MCA also contains a robust new provisions. Or digital trade and financial services. And the most ambitious environmental and labor protections ever place. Into a major trade agreement. Anywhere at any time.

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