Garrett County Government - Department of Business Development

USMCA Replaces NAFTA Effective July 1, 2020

Last Updated on Jul 2, 2020 at 1:01pm | Garrett County Economic Development

Effective July 1, 2020, the US-Mexico-Canada Agreement (USMCA) officially replaced the North American Free Trade Agreement (NAFTA). USMCA is a ground-breaking achievement for US small businesses and is the first trade agreement ever to include a full chapter dedicated to small business interests.
Supporting and expanding US small business trade with Mexico and Canada is a top priority for the new Associate Administrator of the Small Business Administration's (SBA) Office of International Trade (OIT).
SBA OIT has a team of talented trade finance specialists and finance products to help small businesses involved in international trade to access capital, purchase inventory as a manufacturer or supplier, and expand through trade. OIT helps ensure small businesses are adequately represented in trade negotiations led by the Office of the US Trade Representative and educates US small businesses on the wide range of federal and state