North America is often the choice, for Canadian businesses looking to expand especially small and medium-sized enterprises (SMEs) due to its close geographical location and cultural similarities. The Canada–United States–Mexico Agreement (CUSMA) marking its year since inception, on July 1 2024 greatly influences this growth.
Benefits of CUSMA
CUSMA. Eliminates trade obstacles, like tariffs opening up markets, for Canadian businesses. This deal simplifies the export process making it quicker simpler and more cost effective. By leveraging CUSMA, you can increase your exports and diversify both what you’re exporting and your destinations. These benefits apply across various industries, whether you’re shipping physical products or offering services.
Moreover, CUSMA includes dedicated provisions to advance inclusive trade, ensuring that benefits are more widely shared among women, Indigenous Peoples, and SMEs.
How CUSMA Can Propel Your Business
- Comprehensive Resources: The CUSMA webpage provides detailed information about the agreement’s benefits for your business, chapter summaries, milestones, tools, and resources.
- Comparison with NAFTA: Understand the key differences between CUSMA and its predecessor, NAFTA.
- Market Trends and Sector Reports: The “Doing Business in the United States” and “Doing Business in Mexico” webpages offer market trends, sector reports, events, and resources to help you expand in North America.
- CUSMA Toolkit: Utilize videos to better understand and maximize the advantages of the agreement.
Beyond North America
Canada’s CUSMA agreement is part of a network of 15 Free Trade Agreements (FTAs) that involve a total of 51 countries. You can utilize the Canada Tariff Finder tool to delve into tariff details, for all partner countries involved in Canada’s FTAs.
Get Expert Help
Ready to maximize the benefits of CUSMA? Our team of experts is here to help you navigate your trade opportunities. Whether you are entering new markets or aiming to expand your current presence, we are dedicated to helping you achieve your business goals.
