I think this has been one of the major objectives that we had throughout the negotiations, to try to improve this agreement, modernize it in ways that would make it more relevant and more accessible to small and medium-sized businesses.
I'll give you one example. We have all of these tariff preferences, duty-free trade into the U.S. as it stands now under NAFTA. Only about 50% of those preferential rates are utilized. Part of the reason for that is that, if you want to claim a NAFTA preference, you have to fill out a form, fax it in to customs—and I'm not sure how many small businesses even still have fax machines—and you have to provide extensive amounts of documentation. Under the new agreement, you don't have to do any of that. You can simply send in your product. The actual bill going along with it can justify that it is of North American origin. We've streamlined the border. We've simplified all of the red tape that currently exists, so that small and medium-sized businesses can take advantage of this agreement, whereas before they may have been hesitant to go through the process of filling out a number of forms and that kind of thing.
We also have, for the first time, a chapter on small and medium-sized businesses, which is dedicated to trying to find ways to assist small and medium-sized businesses to access foreign markets, to make it as easy as possible, because many small businesses are going to be content with trying to serve the domestic market and may be hesitant to start looking at foreign markets. We're trying to make that as easy as possible so that they can start to expand into other markets and in particular the U.S., which is a common avenue that many small businesses work toward.
In addition to that, we've tried to address the regulatory barriers that exist, so that they don't have to face those going into other markets and in particular the U.S.
This is a very unrecognized area of the work we did on this agreement. It was very much below the radar because the U.S. wasn't particularly interested in this, but we've managed to streamline the process of putting goods back and forth across the barrier, reducing those barriers that are beyond the border—regulatory and technical barriers—and I think that's where we'll see the greatest gains over time.