The USMCA is supported by small business owners and entrepreneurs across the country because tariff and non-tariff barriers can disproportionately burden the 300,000 U.S. exporters. In recognition of the importance of small businesses, the USMCA makes historic efforts to prioritize their interests in the North American market. This modern trade agreement will provide new access to Mexican and Canadian markets while protecting business owners’ intellectual property and limiting the regulatory burdens of exporting to other countries.
For the first time in a U.S. Trade Agreement, USMCA establishes a standing, trilateral committee to collaborate on and expand opportunities for small and medium sized businesses.
Lowers barriers to e-commerce by raising the minimum cost of export shipments subject to taxes in Mexico and Canada.
Establishes a framework for engagement with private sector stakeholders, to include diverse and under-represented small businesses, on implementation of the agreement.
Allows small businesses to participate in the 21st Century Economy with a section on digital trade that prohibits duties on products such as e-books, software, and games.
IN 2016, MORE THAN 130,000 SMALL AND MEDIUM BUSINESSES IN THE U.S. EXPORTED
IN GOODS TO MEXICO AND CANADA. THIS DEAL WILL EXPAND THOSE MARKETS, CREATING ADDITIONAL GROWTH AND JOBS.
ON AVERAGE, U.S. SMALL AND MEDIUM-SIZED BUSINESSES THAT EXPORT EARN
AS NON-EXPORTING SMES AND HAVE HIGHER LABOR PRODUCTIVITY. USMCA WILL PROVIDE MORE OPPORTUNITIES FOR SMALL BUSINESS OWNERS TO REALIZE THE VALUE OF FOREIGN MARKETS