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ACC: US chemical volumes to slump

According to the American Chemistry Council’s (ACC) Mid-Year 2020 Chemical Industry Situation & Outlook, chemical volumes will contract by 9.3% this year, while shipments will decline by 13.5% on the back of a shrinking GDP and demand in key end use industries. Next year, they will grow by 12.3% and 14.5% respectively as the economy rebounds.

ACC and CIA set out trade deal priorities

Six days after the US and the UK began formal negotiations for a post-Brexit bilateral trade deal on 5 May, representatives from the respective industry associations, the American Chemistry Council (ACC) and the Chemical Industries Association (CIA) jointly published some comments outlining their priorities.

“With the uncertainty swirling around Brexit and the COVID-19 crisis, a trade agreement between the UK and the USA will help ensure both countries maintain critical market access during this unprecedented and challenging time,” said Steve Elliott, chief executive of the CIA.

Associations reaffirm USMCA support

Shortly before a vote in the US senate that would bring the US-Mexico-Canada Agreement (USMCA) trade agreement into place, the leaders of the respective chemical industry associations publicly reaffirmed their support for it.
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