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Key Achievement: Protecting the Intellectual Property of Innovators

Maintaining, for both Mexico and the United States, exclusions consistent with those under the NAFTA, including, for the United States, the exclusion of the small business set aside.

#Smalland price how to#

Focusing on policies to promote participation by small businesses in government procurement, including by providing incentives to make tender documentation free of charge and to consider how to better structure procurements to help U.S.The Government Procurement chapter provides specific support for small and medium-sized businesses by: and Mexican SMEs in government procurement by providing notices of intended procurement in a single electronic portal, and encouraging the conduct of procurement by electronic means, thus increasing transparency and efficiency for small and medium-sized businesses. The USMCA facilitates the participation of U.S. Key Achievement: Promoting Small Business Participation in Government Procurement

#Smalland price code#

Limits Parties’ ability to require disclosure of proprietary source code and algorithms.

Protects cross-border data flows and limits data localization requirements.

Prohibits customs duties on digital products distributed electronically (e-books, videos, music, software, games, etc.).The USMCA includes a new chapter on digital trade that contains the strongest provisions of any international agreement, supporting internet-enabled small businesses and e-commerce exports. Key Achievement: Supporting the 21 st Century Economy In addition, the chapter includes an expanded scope of advanced rulings by customs authorities, as well as provisions requiring an online searchable database for customs information for the benefit of the trade community, and expedited release of express shipments. The Customs and Trade Facilitation Chapter will also help cut red tape and ease international trade for SMEs through provisions requiring online publication of laws, regulations, contact information, tariffs, taxes and other fees documentation required for customs clearance and procedures to correct errors. Sets the de minimis level for Mexico up to US$50 exempt from duties and taxes, and raises it up to US$117 duty-free for express shipments.Raises the de minimis level for Canada for express shipments for the first time in decades, with up to C$40 exempt from duties and taxes (increased from C$20) and up to C$150 exempt from duties.Creates a new informal shipment level of $2,500, so that express shipments under that amount benefit from reduced paperwork.The Customs and Trade Facilitation Chapter: The Customs and Trade Facilitation Chapter includes new provisions that will help reduce costs and bring greater ease and predictability to cross-border transactions. Key Achievement: Cutting Red Tape at the Border via Increased De Minimis Levels PROVISIONS THROUGHOUT THE USMCA WILL BENEFIT SMEs The Dialogue will enable participants to provide views and information to government officials on the implementation and further modernization of the agreement, thereby ensuring that SMEs continue to benefit. The chapter launches a new framework for an ongoing SME Dialogue, which will be open to participation by SMEs, including those owned by diverse and under-represented groups. Key Achievement: Establishing an SME Dialogue with Stakeholders The chapter also establishes a committee on SME issues comprised of government officials from each country. It establishes information-sharing tools that will help SMEs better understand the benefits of the agreement and provides other information useful for SMEs doing business in the region. The chapter promotes cooperation between the Parties to increase SME trade and investment opportunities. Key Achievement: First SME chapter in a 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.ĬHAPTER ON SMALL AND MEDIUM-SIZED ENTERPRISES small and medium businesses exported $76.2 billion in goods to Mexico. small and medium sized businesses exported $51.2 billion in goods to Canada, and 53,000 U.S. In fact, Mexico and Canada are the top two export destinations for U.S. The United States, Mexico, and Canada Agreement (USMCA) recognizes the fundamental role of small and medium-sized enterprises (SMEs) as engines of the North American economy.