Canadian and Mexican employers establish formal dialogue
Mexico City, January 15, 2025 – With the aim of strengthening cooperation and trust between nations at the bilateral and regional levels, business leaders from Canada and Mexico participated in a high-level meeting with President of Mexico Claudia Sheinbaum today.
The Mexico-Canada Business Dialogue establishes a formal relationship between CEOs from Mexico and Canada, who will engage periodically to identify common challenges and develop strategies that promote economic growth and development in both countries.
During the meeting, which was also attended by the Secretary of Economy, Marcelo Ebrard, the conversation focused on the strategic sectors that are key pillars in the bilateral relationship: energy, manufacturing, financial services, mining, transport and agribusiness. Delegates also discussed common challenges facing Mexico and Canada, including supply chains, free trade and regional competitiveness.
The Mexican private sector was led by the President of the Consejo Coordinador Empresarial, Francisco Cervantes. Delegates included representatives of the Mexican Business Council, Kimberly-Clark de México, Grupo Carso, Grupo Kaluz, Aeroméxico, Ternium, Grupo Bimbo, Kansas City Southern de México, Alpha, Arca Continental, Vitro, Prodensa, BIVA, Tenaris and Rassini.
The Canadian delegation, led by the President and CEO of the Business Council of Canada, Goldy Hyder, included representatives from CN, Scotiabank, Linamar, Martinrea International Inc., Palliser Furniture, TC Energy, Teck Resources, WestJet and Nutrien.
In the context of recent political changes in North America, the representatives of both countries agreed that it is essential to prioritize dialogue, avoid trade tensions and work together on constructive solutions that promote free trade and help position North America as one of the most competitive and prosperous regions in the world.
In this regard, the importance of the Canada-United States-Mexico Agreement (CUSMA) was recognized as the basis for the economic integration of these nations, while providing stability, promoting strategic value chains and boosting investments and sustainable growth.
Currently, Canada is Mexico’s third-largest trading partner. During 2024, bilateral trade amounted to more than $30 billion (USD). For this reason, the private sector representatives of both countries agreed to continue working closely on shared priorities.
