What’s good for Mexico is good for Canada

November 27, 2012

The following is excerpted from the 27 November 2012 edition of The Globe and Mail.

President-elect Enrique Peña Nieto’s visit to Ottawa this week offers a major opportunity to upgrade bilateral relations between Canada and Mexico to the level of a strategic partnership.

Although Canada joined the North American free-trade agreement talks to preserve the gains from the earlier Canadian-U.S. free-trade agreement, this “reluctant” decision has proved to be remarkably rewarding. Canada not only succeeded in protecting its primary market with its most important trading partner – the United States – but it also found a new partner in Mexico. Since NAFTA, Canadian trade with Mexico has grown nearly sixfold. Mexico is now Canada’s third-largest trading partner, with two-way trade reaching $34.4-billion in 2011.

This commentary is available in its entirety at:
http://www.theglobeandmail.com/commentary/whats-good-for-mexico-is-good-for-canada/article5697426/

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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