Mexican private sector boosts trade and investment with Canada

The Mexican private sector reaffirmed its commitment to boosting trade and investment with Canada, in a strategic move that seeks to consolidate North America as the most competitive region globally. Francisco Cervantes Díaz, leader of the Business Coordinating Council (CCE), highlighted the importance of strengthening bilateral relations following the meeting between President Claudia Sheinbaum Pardo and Canadian Prime Minister Mark Carney.

Just days after the federal government announced the opening of public consultations to evaluate the USMCA, the CCE emphasized that collaboration with Canada will allow for the identification of new investment and trade opportunities. "Only through regional integration and cooperation can we ensure that North America is more competitive and prosperous," Cervantes Díaz stated on his X social media account.

The business organization emphasized that the role of private sector is crucial in fostering foreign direct investment, opening markets, and strengthening the trade infrastructure between Mexico and Canada. The goal is not only to maintain existing flows but also to expand the participation of Mexican companies in strategic and high-value-added sectors, increasing the region's competitiveness compared to other global economies.

Strengthening trade ties with Canada will benefit both large corporations and small and medium-sized businesses, facilitating more efficient exports and imports and job creation in various industries. Bilateral cooperation will also allow for the exchange of technology, logistics innovations, and investment best practices, consolidating a more stable and attractive economic environment for investors.

Mexican and Canadian business leaders agreed that the region has the potential to become a global benchmark for competitiveness and economic development. Through joint strategies and a focus on sustainable investment, the CCE projects sustained growth that will positively impact economic integration and wealth creation for both nations.

The Business Coordinating Council reiterated its willingness to work in coordination with the federal government and the Canadian private sector, ensuring that any decisions regarding trade, investment, and industrial development prioritize the competitiveness, innovation, and economic well-being of the region.