Small and medium-sized businesses account for a significant share of trade in the Mexico-United States-Canada Agreement (USMCA) region, so the benefits of offshoring or offshoring are expected to benefit them as well.

To disseminate the benefits that moving and technology for the development of small and medium-sized businesses (SMEs) exporters of T-MEC region, Representatives of the governments of Mexico, the United States and Canada participated in a dialogue in Mexico City.

Rob Stewart, Deputy Minister of International Trade Canadahighlighted the growth of foreign trade in North America during the era of relocationa trend that “offers us new business opportunities in North America, particularly for SMEs.”

Jayme White, Assistant Sales Representative UNITED STATESsaid the Internet allows SMEs to reach consumers faster than before, while digital technology is democratizing commerce, so “we have more commerce through technology.”

“He relocation“In the broadest sense of this concept, we cannot achieve this without micro, small and medium enterprises,” the Mexican official said during the second T-MEC SME Dialogue.

Alejandro Encinas, Undersecretary of Foreign Trade of Mexicosaid that after the pandemic and various geopolitical conflicts, the main question for investors is no longer where to produce cheapest, but rather where the production chain is safer and more resilient.

In Mexico, more than 99% of companies are SMEs, 95% of which are microenterprises, and these companies generate 7 out of 10 jobs for Mexicans. Therefore, when MSMEs are strengthened, the work is also dignified, Encinas considered.

He explained that the Ministry of the Economy places emphasis on democratizing MSME access to foreign trade and that to achieve this, it is essential to reduce the lack of information on international treaties and the facilities available. “they offer,” published El Economista.

Offshoring will increase demand for finance for MSMEs