PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Small Business Groups Urge Passage of USMCA: Coalition Letter to Ways and Means Chairman Richard Neal

By at 31 October, 2019, 8:35 pm

The Honorable Richard Neal
Chairman
Ways & Means Committee
U.S. House of Representatives
Washington, DC 20515

Dear Chairman Neal:

On behalf of America’s dynamic and diverse small business community, we are writing to urge
swift passage of the United States-Mexico-Canada Agreement (USMCA). According to a recent
Morning Consult FedEx Trade Index poll, 84% of small business managers support passage of the
USMCA in its current form, and we could not agree more. 1

Nearly three quarters of American small businesses expect that expanding their international trade
opportunities would increase job growth. Passage of USMCA will bolster small business exports
to Canada and Mexico, America’s top trading partners, increasing revenues and maintaining U.S.
leadership as a global economic powerhouse.

NAFTA provided increased business opportunities to businesses both large and small, but
USMCA is an even better trade deal for the 30.2 million small businesses that drive the American
economy forward. USMCA prioritizes small business with the first ever Small- and MediumEnterprises (SME) chapter.

Moreover, USMCA increases de minimis levels for Canada and Mexico which means more small
shipments of American goods to foreign buyers. The exporting process is costly and extensive,
and the current duties and taxes required for lower valued exports are deterrents for many small
firms considering exporting their products. Even more critically, the gold standard intellectual
property protections in the deal ensure that entrepreneurs will not have their ideas and innovations
stolen when they expand into global markets. Whether it is the garage-based tech inventor, the
startup biotech in an incubator, or a patented new business process, American innovation must be
protected beyond our borders.

We would like to commend you on your recent hard work and collaboration with lawmakers in
revising the enforcement provisions on the USMCA. According to recent press accounts House
Democrats have improved upon the Administration’s deal and strengthened these provisions2
.
With these improvements, it is time to sign this deal into law.

Passage of the USMCA will benefit our communities by giving us the opportunity to engage in
international trade, boost our sales, and increase our access to Canadian and Mexican markets. We
hope that you all will support a swift vote to allow small businesses to thrive in a competitive
global economy.

Sincerely,

Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship

Latino Coalition

National Small Business Association

Small Business & Entrepreneurship Council

Small Business Exporters Association

U.S. Black Chambers, Inc.

cc:
The Honorable Nancy Pelosi, Speaker of the U.S. House of Representatives
Ambassador Robert Lighthizer, United States Trade Representative

1 https://about.van.fedex.com/wp-content/uploads/2019/10/FedEx-SME-Trade-Index-US-Fall-2019.pdf 2 https://www.politico.com/story/2019/09/13/trump-usmca-trade-1733491

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