Economic Diplomacy

Canada Mexico Ally on USMCA Talks Amid US Uncertainty

Prime Minister Mark Carney and Mexican President Claudia Sheinbaum have pledged close coordination to address shared economic priorities and challenges as discussions commence on renewing the trilateral trade pact with the United States. The two leaders also explored opportunities to expand collaboration in strategic areas such as critical minerals, clean technologies, and advanced manufacturing. This agreement for coordination comes as Canada anticipates potential turbulence in the upcoming USMCA negotiations, with the U.S. reportedly seeking upfront concessions from Ottawa.

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Canada Strengthens EU Trade Ties Amidst Global Uncertainty

Trade ministers from Canada and the European Union are set to sign enhancements to their bilateral trade agreement, CETA, aiming to modernize the pact. These improvements include a mutual recognition agreement for architects, expanded pharmaceutical manufacturing protocols, and strengthened investment protections for small and medium-sized businesses. Supplemental rules to resolve investment disputes, including new interpretative language, will also be signed. Negotiations to add a digital trade agreement to CETA will officially launch.

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