Chapter 25 of the USMCA
Posted: Wed Dec 11, 2024 10:22 am
54% of small Mexican businesses do not feel represented by the USMCA. Either because they do not know what it is or because they believe that the treaty benefits large companies more.
In Mexico, micro, small and medium-sized enterprises (MSMEs) are the country's economic engine. Not only are they responsible for 78% of the employment generated in Mexico, but they also produce 48% of the country's gross domestic product (GDP).
With 4.2 million economic units, it is no list of chile whatsapp phone numbers exaggeration to say that the future of the country depends on SMEs not only integrating into the value chains of larger companies, but also knowing how to adapt to the challenges of new technologies, while being able to enter an international market.
In this sense, the trade agreement signed by Mexico, the United States and Canada, T-MEC ( USMCA ) , is presented as a window of opportunity for producers - regardless of their size - to benefit from foreign trade and find new ways to market and deliver their products to other countries.
The USMCA includes Chapter 25, a section that was not included in NAFTA and that was specifically designed to promote MSMEs.
This new section recognises the fundamental role played by this sector in the dynamism and contribution of the three economies. In addition, this chapter establishes that the parties must promote cooperation between SMEs in the three countries to increase trade and investment opportunities for this sector.
In Mexico, micro, small and medium-sized enterprises (MSMEs) are the country's economic engine. Not only are they responsible for 78% of the employment generated in Mexico, but they also produce 48% of the country's gross domestic product (GDP).
With 4.2 million economic units, it is no list of chile whatsapp phone numbers exaggeration to say that the future of the country depends on SMEs not only integrating into the value chains of larger companies, but also knowing how to adapt to the challenges of new technologies, while being able to enter an international market.
In this sense, the trade agreement signed by Mexico, the United States and Canada, T-MEC ( USMCA ) , is presented as a window of opportunity for producers - regardless of their size - to benefit from foreign trade and find new ways to market and deliver their products to other countries.
The USMCA includes Chapter 25, a section that was not included in NAFTA and that was specifically designed to promote MSMEs.
This new section recognises the fundamental role played by this sector in the dynamism and contribution of the three economies. In addition, this chapter establishes that the parties must promote cooperation between SMEs in the three countries to increase trade and investment opportunities for this sector.