Mexico, Canada to boost trade ties, coordinate on USMCA review with US

Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney yesterday promised to strengthen trade ties within the face of US tariff threats and pushed to maintain the United States-Mexico-Canada trade pact (USMCA) alive within the lead-up to 2026 review talks.

Both met throughout Carney’s first go to to Mexico City as Canada’s Prime Minister.

“North America is the economic envy of the world, is the most competitive economic region of the world, and part of the reason for that is the cooperation between Canada and Mexico,” Carney stated in a press convention following the assembly. “We complement the United States. We make them stronger. We are all stronger together,” he stated.

Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney yesterday promised to strengthen trade ties amid US tariff threats and pushed to maintain the US-Mexico-Canada trade pact (USMCA) alive within the lead-up to 2026 review talks.
Both need to elevate bilateral trade by USMCA by maritime routes, avoiding passage of products by the US, Sheinbaum stated.

Over three-fourths of Canada’s exports and greater than four-fifths of Mexico’s are to the United States.

Carney stated he expects “much greater amounts of trade, much greater amounts of investment” between Mexico and Canada, whereas Sheinbaum stated the 2 international locations had agreed to a plan that what would “bring a new era of further strengthening economic ties” between the 2 sides.

Both need to elevate bilateral trade by the free trade settlement by maritime routes, avoiding passage of products by the United States, Sheinbaum stated.

Carney goals to enhance ties with Mexico throughout his two-day go to. The two leaders promised new rounds of bilateral conferences within the subsequent few months, and better collaboration on safety points, agriculture, vitality, finance, well being and atmosphere, in accordance to media reviews.

Sheinbaum stated the international locations are already establishing groups and reviewing the settlement with the hopes of conserving trilateral free trade in place.

“USMCA is a testament to if Mexico, Canada and the United States work together, we can create prosperity, face global challenges successfully and position ourselves as the most dynamic region in the world,” Sheinbaum added.

Fibre2Fashion News Desk (DS)