On February 17, President Claudia Sheinbaum held a closed-door meeting with Canadian ministers to discuss strengthening trade and investments between Mexico and Canada, with a view to formalizing a bilateral agreement ahead of the upcoming USMCA review. This meeting aimed to give follow-up to understanding agreements reached during a previous visit by Canadian Prime Minister Mark Carney. Sheinbaum emphasized the importance of enhancing not only commerce but also investments, underscoring the potential for increased export opportunities for Mexican agri-food products to Canada.

During the morning conference, Sheinbaum announced that discussions will focus on increasing the flow of agri-food products between the two countries. She expressed a desire to bolster the importation of Canadian goods while simultaneously encouraging greater investments from Canadian enterprises in Mexico. The meeting underscores a strategic effort to solidify economic ties and broaden the scope of collaboration under the umbrella of the USMCA, anticipating potential benefits for both nations.

The discussions hold significant implications for the economic landscape of North America, particularly in the context of trade agreements and agricultural exchanges. By prioritizing investments and fostering a bilateral relationship, Mexico aims to enhance its position within regional trade dynamics, potentially paving the way for more favorable conditions in future negotiations related to the USMCA. This effort reflects a proactive approach by Mexican leadership to navigate the complexities of international trade relations following evolving economic trends.