Canada, Mexico vow to deepen economic ties during Carney

Started by BOSMANBUSINESSWORLD, 2025-09-18 21:03

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Canada and Mexico have reaffirmed their commitment to strengthening their bilateral partnership in anticipation of the upcoming review of the United States-Mexico-Canada Agreement (USMCA). A recent meeting between Prime Minister Mark Carney and President Claudia Sheinbaum underscored the importance of cooperation in key areas such as trade, infrastructure, security, and energy. The primary objective is to create a more equitable and effective agreement that benefits both nations and promotes regional integration.
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The action plan outlined by the two leaders includes the development of long-term infrastructure projects, including ports, railways, and energy corridors. Additionally, new security discussions will focus on addressing pressing issues such as organized crime, drug trafficking, human trafficking, and cybercrime. Efforts will also be made to enhance trade and investment in energy, agriculture, and critical minerals, while increasing cooperation on environmental issues, climate change, and conservation.

Both leaders have also agreed to maintain the visa program for Mexican agricultural workers in Canada, strengthen collaboration in education, culture, and science, and deepen cooperation in health and pandemic preparedness. Prime Minister Carney acknowledged President Sheinbaum's leadership and expressed gratitude for Mexico's support during the recent wildfires in Canada. He emphasized that North America is currently the most competitive region in the world, highlighting the need for increased cooperation and integration.

The summit between Carney and Sheinbaum also explored ways to enhance commercial ties and tackle drug trafficking without relying heavily on U.S. support. This pragmatic approach is driven by the need to safeguard the USMCA and promote North American integration, thereby enhancing supply chains and manufacturing resilience. Innovative ideas, such as new energy corridors that bypass U.S. infrastructure, are also being considered.

Although no formal agreements were signed during the meeting, the discussions indicate a shared vision for a future less reliant on Washington. The strategic partnership document, signed on September 18, 2025, addresses multiple areas, including trade, investment, energy, security, and infrastructure. The agreement includes Canadian funding for UN projects, a planned trade mission, and business delegation in February 2026, as well as special work visas and preparations for the FIFA World Cup in 2026. The ultimate goal is to enhance prosperity amidst ongoing trade tensions with the U.S., promoting a more integrated and competitive North America.

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