The United States, Mexico, and Canada Agreement (USMCA) is critical to small- and mid-sized businesses. In 2016 (latest data available), 82,000 U.S. small- and medium-sized businesses exported $51.2 billion in goods to Canada, and 53,000 such businesses exported $76.2 billion in goods to Mexico. Now, for the first time in any U.S. trade agreement, the USMCA includes a dedicated chapter on SMEs, as well as other key provisions supporting small- and medium-sized businesses throughout the agreement. Note: While the agreement was signed by the leaders of the 3 countries, it still needs to be ratified by respective legislatures.
New blog post today! 10 Rules for Qualified Small Business Stock
