B.C. eyes opportunities in Canada-U.S.-Mexico Agreement as part of revamped trade strategy

By Nelson Bennett
Business in Vancouver
May 24, 2023
Category: Business & Politics
Region: Canada, United States

Canada and Mexico have been part of a North American free trade agreement for three decades… yet the amount of trade B.C. does with Mexico is paltry compared to the trade it does with Asia. In 2021, B.C. exported a mere $107 million worth of commodities to Mexico – much of that pulp and paper products. …As the U.S. moves to decouple from China and re-shore some of its industries, Mexico is well positioned to become America’s manufacturing branch plant, owing to its proximity to the U.S., its inclusion in the Canada-U.S.-Mexico Agreement (CUSMA) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and its low-cost but highly skilled workforce. …Mexico could become a market for B.C. lumber and other wood products, and the recent acquisition of the Kansas City Railway by Canadian Pacific to create a new North American railway could help facilitate those kinds of exports.

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