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Leaders of Canada and Mexico have agreed to work closely together as preparations begin for important trade discussions with the United States over the future of the United States-Mexico-Canada Agreement (USMCA).
Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum held a conversation on Friday, where they committed to “close coordination” to address shared economic priorities. According to officials, the goal is to ensure stability, growth, and economic security for both countries as negotiations move forward.
The USMCA, which governs trade relations between the three North American nations, is due for a formal review on July 1. The agreement currently allows most goods to move across borders without tariffs, making it a key part of the regional economy. However, upcoming negotiations are expected to be challenging, with concerns over trade policies, tariffs, and market access.
Sources indicate that Canada initiated the recent discussion with Mexico to strengthen cooperation ahead of the talks. Both countries are looking to present a more aligned approach when dealing with the United States, especially as early signals suggest Washington may push for changes to existing trade terms.
Canada’s representatives have stated that they are ready to begin formal discussions, although no official timeline has yet been announced for bilateral talks with the United States. Meanwhile, Mexico is set to begin its own round of negotiations with U.S. officials later in May.
The leaders also discussed expanding cooperation in key sectors such as clean energy, critical minerals, advanced manufacturing, and new technologies. These areas are seen as important for long-term economic growth and competitiveness in the region.
In addition to trade, the two countries exchanged views on broader international issues, including the ongoing crisis in Cuba and ways to support its population through coordinated efforts.
The USMCA review will determine whether the agreement continues in its current form or moves toward periodic renewals. Under its terms, the pact can be extended for another 16 years or reviewed annually over a 10-year period. Any member country also has the option to withdraw from the agreement with six months’ notice.
As negotiations approach, both Canada and Mexico appear focused on protecting their economic interests while maintaining strong regional trade ties, setting the stage for potentially complex discussions in the months ahead.