Evaluating the market in the United States

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Business environment in United States

With a GDP of USD $19.49 trillion in 2017, the United States is the world's second largest economy (in purchasing power parity terms) and is ranked the sixth best country in the world for ease of doing business. Despite some uncertainty regarding future policy direction, the economic recovery is gaining traction and the American private sector is in great shape with corporate profitability at an all-time high and a record amount of cash. Consumers are also spending more now that the housing market is regaining strength and confidence is positive. Canada and the United States have the largest trading relationship in the world, with more than 75 per cent of Canada’s total exports going to the U.S. in 2017. As a result, EDC sees excellent potential and export investment opportunities that match Canadian potential, which will deepen this already superb trading relationship. Most recently, Canada, the United States and Mexico announced a new trilateral trade agreement-in-principle called the United States-Mexico-Canada Agreement (USMCA).
  • Aerospace
  • Automotive & Heavy Truck
  • Consumer Goods
  • Knowledge Based Industries
  • Oil and Gas
  • Telecom

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Here’s a helpful tip for doing business in the U.S.

Don’t mistake the U.S. as being one homogenous market – there are several distinct market regions, each with its own sector opportunities and advantages.

Unlock key contacts in the U.S. when you download our Market Entry Advisor Guide.

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Jose Recinos

Senior Trade Advisor, EDC

Jose Recinos  Senior Trade Advisor, EDC