The 'Action Plan' that Mexico and Canada are preparing for investment and trade outside the tripartite USMCA
Canadian Minister of Trade, Dominique LeBlanc Photo: EFE
TL;DR
- Mexico and Canada are creating a bilateral 'action plan' for investment and trade, independent of the USMCA.
- The plan aims to accelerate specific bilateral agendas and could be defined by the second half of 2026.
- Key focus areas include minerals, port investments, infrastructure, supply chain security, and youth opportunities.
- Both countries will deepen cooperation in sectors like agriculture, advanced manufacturing, clean energy, and technology.
- A memorandum of understanding was formalized between the Canadian Council of Business and Mexico's CCE to articulate business cooperation.
- The initiative comes amid trade tensions between Mexico and Canada with the United States, particularly concerning Donald Trump's policies and the upcoming USMCA review.