Small and medium-sized enterprises

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Agreement fact sheets

Small and medium-sized enterprises (SMEs) make up the vast majority of Canadian businesses and employ nearly 10.5 million Canadians, about 90 percent of the private sector labour force. In 2017, 81% of exporting firms in Canada exported goods to the United States. Of those exporting firms 97% were small and medium-sized businesses, which together accounted for $149.5 billion in exports. In 2017, 4.6% of exporting firms in Canada exported to Mexico. Small and medium-sized firms accounted for just over 80% of all businesses exporting to Mexico from Canada, and accounted for a total value of $2.3 billion in exports.

The Canada-United States-Mexico Agreement (CUSMA) will support Canadian businesses and SMEs by providing continued access to the markets of the United States and Mexico, as well as updating the rules of trade within North America. It will make it easier for Canadian SMEs in a wide range of sectors to do business in the North American market, including through streamlined customs and origin procedures and greater transparency in government regulations.

CUSMA will also include a new chapter on SMEs which is designed to complement commitments undertaken throughout the agreement, notably by fostering cooperation amongst the Parties to increase trade and investment opportunities for SMEs, and ensuring information is available to SMEs on the obligations and functioning of the Agreement.

Technical summary of negotiated outcomes: Small and medium-sized enterprises chapter

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