Mexico, Canada Boost USMCA Ties

Mexico and Canada are stepping up efforts to expand bilateral trade and investment ahead of the upcoming review of the United States-Mexico-Canada Agreement (USMCA), scheduled for July 1. The initiative is part of a trade mission led by Mexico’s Economy Minister Marcelo Ebrard, bringing together companies and officials from both countries in Toronto and Montreal.

During the meetings, Mexican and Canadian authorities emphasized the importance of strengthening regional economic ties amid rising global trade tensions and geopolitical uncertainty. Canadian Trade Minister Dominic LeBlanc said Ottawa is seeking a “strong” and coordinated USMCA review alongside Mexico and the United States.

The business mission includes more than 1,800 meetings between companies from sectors such as manufacturing, electromobility, semiconductors, mining, pharmaceuticals and agribusiness. The goal is to promote new investment opportunities and reinforce North American supply chains.

Although both countries share an interest in maintaining a strong trilateral trade agreement, they have adopted different approaches toward the United States. Mexico has pursued a more cooperative strategy, with frequent communication between President Claudia Sheinbaum and U.S. President Donald Trump. Canada, meanwhile, has maintained a more cautious and at times confrontational stance in trade negotiations.

The partnership between Mexico and Canada is also supported by the Mexico-Canada Action Plan, signed last year to strengthen investment, reduce regulatory barriers and expand economic cooperation. Both governments view preserving the trilateral structure of the USMCA as essential for regional economic stability.

Business leaders and analysts believe the treaty review will play a key role in shaping North America’s economic future, particularly as the region faces slower growth and continued trade uncertainty.