A new era in U.S.-Canada trade relations began on July 1, 2020, when the long-awaited United States-Mexico-Canada Agreement (USCMA) took effect. The USMCA replaced the 26-year old NAFTA, and essentially became the "law of the land" with regard to North American trade. Most significantly, the USMCA "modernizes" the countries' trade relationship, with new provisions for digital trade and intellectual property, along with special considerations for small-and-medium size enterprises (SMEs).
Much has already been written and speculated about the trade agreement, but for U.S. businesses looking for opportunities in the Canadian market, five observations are especially relevant. Read Five Reasons Why USMCA is Good News for U.S.-Canada Trade to learn more.
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