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Tech Trends Shaping Business Research

The barrage of new technologies that are introduced to the market, each with the promise of altering (or at least affecting) the corporate world, can easily make one numb. However, our examination of a few of the more important IT trends makes a strong argument for the fact that something important is taking place. Granularity, speed, and scale—the three key elements that have characterized the digital era—are typically being accelerated by these technological advancements. However, the extent of these shifts in bandwidth, computer power, and analytical complexity is what's creating new opportunities for organizations, inventions, and business models. Greater innovation may be made possible by the exponential gains in processing power and network speeds brought about by the cloud and 5G, for instance. Advances in the metaverse of augmented and virtual reality provide opportunities for immersive learning and virtual R&D using digital twins, for example. Technological development

Is Canada the Foremost US Trade Partner?

Illicit drug trafficking, especially synthetic opioids such as fentanyl, is a global problem that results in unnecessary death and misery. The United States and Canada are committed to strengthening and expanding our close partnership to prosecute drug traffickers, dismantle criminal networks, disrupt the supply of precursor chemicals used to make illicit fentanyl, and prevent drug, firearm, and human trafficking across our shared border. Canada will join the United States in forming a worldwide alliance against synthetic pharmaceuticals, demonstrating both countries' leadership in responding to this common public health and security concern. The global alliance will be open to countries from all over the world who want to accelerate global efforts to combat synthetic medicines. The United States is also looking forward to collaborating with our North American partners through the Trilateral Fentanyl Committee to combat the synthetic opioid pandemic. The United States and Canada stepped up their efforts to restore stability in Haiti, continuing to collaborate to find a solution to the country's security and humanitarian concerns.

The United States has pledged more than $90 million to help fund Haitian National Police training and equipment.

The United States has committed more than $204.7 million in humanitarian assistance to Haiti in response to complex humanitarian crises such as a cholera outbreak, an earthquake, food insecurity, violence against vulnerable groups, and mass displacement. In the last six months, the United States has announced an additional $56 million in humanitarian aid for Haiti, delivered 450 metric tons of health, logistics, and water, sanitation, and hygiene commodities to the country, and transported 232 metric tons of personal protective equipment for health care workers, rehydration fluids for cholera patients, and water disinfection tablets The United States and Canada remain dedicated to improving health outcomes. The United States and Canada will collaborate to transform international clinical trials and research, accelerate biomanufacturing innovation, increase the role of research during epidemics, and practice response capabilities to encourage the creation of life-saving medicinal goods. Our two countries would also strengthen scientific collaboration in the development of innovative and next-generation medicinal countermeasures to prevent outbreaks. The United States and Canada also agreed to boost space cooperation.  

The United States expressed strong support for Canada's decision to extend 

the International Space Station's operation until 2030. The United States also welcomed the imminent revelation of the names of the Artemis II mission team, which will include a Canadian astronaut. Minister for Small Business, Export Promotion, and International Trade More information about Canada can be found on the Canada country page, as well as in other Department of State publications and sources indicated at the end of this fact sheet. The United States and Canada have the world's longest international border, 5,525 miles, with 120 land ports of entry, and our bilateral relationship is one of the closest and most extensive. Every day, about $2.6 billion worth of goods and services are traded between us. The February 23, 2021 Roadmap for a Renewed US-Canada Partnership emphasizes the relationship's depth and breadth. It lays out a plan for an ambitious, cross-government campaign to combat the COVID-19 pandemic and promote our shared prosperity. It establishes a climate change collaboration, promotes global health security, strengthens military and security cooperation, and reinforces a shared commitment to diversity, equity, and justice. Building on our shared history and geography, our two countries collaborate closely on a variety of issues, including the fight against the COVID-19 pandemic, an inclusive and robust economic recovery, the global climate challenge, border and national security, global affairs, the opioid crisis, environmental protection, and free trade. Coordination on fighting the pandemic and rebuilding better The United States is collaborating closely with the Canadian government and other allies to combat the COVID-19 pandemic and plan for domestic and global recovery. We routinely communicate on common concerns and best practices for responding to the pandemic while maintaining the flow of commerce and essential supply chains. The United States and Canada have both donated funds and vaccine doses to Gavi, the global vaccine alliance, to help sustain the COVAX facility. Beyond the current reaction, the United States and Canada have pledged to take immediate worldwide action to improve health security, combat biological threats, and avoid the next pandemic. 

The United States and Canada are collaborating to achieve long-term and inclusive economic

 recovery while addressing the disproportionate impact on women, youth, underrepresented groups, and indigenous peoples. Recognizing the potential to rebuild better, we will implement new and current policies and efforts to speed up economic recovery for small and medium-sized businesses, collaborate on vital minerals, and increase supply chain security. US-Mexico-Canada Agreement The United States-Mexico-Canada Agreement (USMCA) went into effect on July 1, 2020, replacing NAFTA as North America's free trade agreement. The USMCA creates jobs, improves worker protections, boosts agricultural trade, attracts new investment in critical manufacturing industries, protects intellectual property rights, establishes enforceable labor and environmental standards, and strengthens and broadens digital trade protections. These are only a handful of the topics included in the USMCA, which is now considered the new norm for US trade deals. The United States and Canada have the world's most comprehensive trading relationship, supporting millions of jobs in both countries. Canada and the United States are each other's major export markets, with Canada being the top export destination for more than 30 U.S. states. In addition, Canada is the single greatest foreign energy supplier to the US. Canada has the world's third largest oil reserves and is the only non-OPEC member among the top five. Canada and the United States share an interconnected power grid with mutually agreed reliability standards. Uranium mined in Canada provides fuel for nuclear power facilities in the United States.

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