Mary Ng, Canadian Minister of International Trade, Export Promotion, Small Business, and Economic Development, spoke recently with Raquel Buenrostro, Mexico’s Secretary of Economy about both countries’ perspectives.
Minister Ng congratulated Secretary Buenrostro on her new role in Cabinet and reiterated her commitment to continuing building on the longstanding close trade and investment relationship between Canada and Mexico.
At the meeting, Minister Ng reaffirmed Canada’s commitment to advancing the ongoing implementation of the Canada-United States-Mexico Agreement (CUSMA) and continuing the work being done under initiatives such as the Canada-Mexico High-Level Economic Dialogue to deepen bilateral business, trade and investment ties and support inclusive and resilient economic growth.
Minister Ng reiterated Canada’s ongoing concerns with the investment climate in Mexico, especially in the energy and mining sectors. Specifically, she emphasized Canada’s concerns raised in the ongoing consultations Canada initiated under CUSMA for certain energy sector reform measures. Minister Ng also raised Canada’s concerns with Mexico’s approach to biotechnology approvals, particularly in the context of growing food security concerns globally, and the importance of a science-based regulatory process.
The minister noted Canada remains committed to working with Mexico to maintain resilient supply chains, support stable and predictable trade, and increase competitiveness to the benefit of workers in both countries.