Photo From: (The Logic)
Prime Minister Mark Carney’s meeting with Mexican President Claudia Sheinbaum this week focused on expanding trade and infrastructure ties.
I think the real reason for this visit was symbolically grounded,” said Matt Farrell, a Fanshawe College professor of political science. “It is a means for us in Canada to hedge our bets, really, to try to do the best that we can to put ourselves out there as a partner with our other North American partners as we enter an era of very uncertain negotiations about the Canada-U.S.-Mexico deal.”
Farrell added that the deal illustrates fears about Canada’s future economic position. “Part of this effort is making sure that if it all goes pear-shaped with the Americans, we might still have other partners that we might be able to turn to,” he said.
The Canada, United States, Mexico Agreement (CUSMA) is due to be renegotiated this year, a process that could rewrite great industries such as autos and agriculture. Mexico is Canada’s third-largest trade partner, with two-way commerce amounting to more than $49 billion.
