Canada is Mexico's fifth most important trading partner: Mexico seeks to attract Canadian companies to the south-southeast

09/06/2021

Tatiana Clouthier, Secretary of Economy, presented to the Canadian government the projects that Mexico is developing in the south-southeast, with the objective of attracting investment from Canadian companies. She also revealed, without giving details, that next week a meeting will be held with Canada and the United States to discuss issues related to the energy sector.

This, after finishing a virtual meeting with Mary Ng, Canada's Minister of Small Business, Export Promotion and International Trade, in which they agreed to work to increase investment and strengthen the commercial relationship. Clouthier explained that they presented both the government and Canadian businessmen with the current government's major projects, such as the Mayan Train and the Inter-Oceanic Corridor of the Isthmus of Tehuantepec.

She emphasized that it is not a matter of seeking foreign investment for these specific projects, but rather of looking for Canadian companies to establish themselves around them. "We established the commitment to continue working on investment and strengthening the trade relationship, while we presented the projects we are developing in the south-southeast of the country," said the Ministry of Economy.

According to the SE, Canada is Mexico's fifth most important trading partner. In 2020, exports to Canada totaled 11.162 billion dollars, while imports amounted to 8.331 billion dollars, representing a favorable trade balance of 2.832 billion dollars.

By Mexicanist