How will the MAC Protocol help industry?
Diverse benefits for different sectors
The primary industry beneficiaries of the MAC Protocol are companies involved in the manufacture, export, sale, finance and use of mining, agriculture and construction equipment.
- Farmers and other agricultural entities benefit from increased access to modern agricultural equipment at a lower cost, increasing their productivity, yields and sustainable agriculture practices
- Construction companies benefit from increased access to modern construction equipment at a lower cost, thereby increasing efficiency and lowering construction project costs.
- Mining entities benefit from increased access to modern mining equipment at a lower cost, increasing their productivity, profitability and extractive capacity.
- Manufacturers benefit from higher demand for their equipment around the world, allowing them to increase production and output.
- Dealers and distributors will be able to export and import an increased volume of equipment and begin operations in new markets.
- Financiers benefit from greater legal protection in issuing credit, which will allow them to provide cheaper financing in existing markets and expand operations to new markets.
How does industry participate in MAC Protocol negotiations?
Industry plays a critical role in educating government stakeholders across the globe about the economic and environmental benefits of the MAC Protocol. Industry encourages all sectors benefiting from the MAC Protocol to urge their governments to ratify the treaty. A MAC Protocol Working Group has been created by global trade associations and manufacturers to advocate for the successful ratification and adoption of the MAC Protocol.
How does my company become more involved?
Contact the Association of Equipment Manufacturers’ (AEM) Senior Advisor, Global Public Policy Alexander Russ at aruss@aem.org.