Mexico and Canada Sign Bilateral Economic Agreement
Mexico and Canada have signed a new accord to boost trade, supply chains, and security cooperation ahead of the 2026 USMCA renegotiation.
The agreement aims to promote and strengthen economic and security ties between the two nations, which are close economic partners with bilateral trade totaling about $56 billion in 2024.
- Canada’s total foreign direct investment in Mexico in 2024 was around $46 billion.
- Canada was Mexico’s fifth largest trade partner and Mexico was Canada’s third largest as of the end of last year.
A key driver of the new accord is the upcoming renegotiation of the trilateral United States–Mexico–Canada Agreement (USMCA) in 2026.
The new accord will promote and strengthen economic and security ties between Mexico and Canada.
Author's summary: Mexico and Canada signed a bilateral economic agreement to boost trade and security cooperation.
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