Mexico and Canadian Leaders Meet to Discuss Trade, Future Economic Growth

Canada's International Trade Minister Ed Fast and the Mexican secretary of the economy Bruno Ferrari recently addressed Canadian and Mexican business leaders and policy makers at a two-day conference hosted by the Canadian Manufacturers and Exporters in Ottawa. While the Canada-Mexico trade relationship has grown significantly since NAFTA was signed, both leaders noted that there is still more room for potential.

Currently, about 2,600 companies and subsidiaries including Scotia Bank, Bombardier, Magna, GoldCorp, TransCanada, CP Rail, and Air Canada are driving success forward in Mexico.

Building on that success means strengthening the partnership in key areas: “from energy to the environment, forestry, transportation, infrastructure, and, of course, high technology,” said Fast.

For Mexico, Ferrari said they’d like to see increased integration in information technology, the aerospace industry, agri-business, construction, health sciences, industry machinery and equipment, and petrochemical products.