Canadian Council of Chief Executives Report: Canada’s trade with Mexico

Canada’s trade with Mexico: Where we’ve been, where we’re going and why it matters
by Laura Dawson, February 2014

By 2030, Mexico is likely to be the world’s 8th largest economy. As an engine of growth and a platform for North America’s global competitiveness, Mexico provides Canadian businesses with the cost and demand advantages of an emerging market but with the lower risk afforded by two decades of integrated trade rules and practices. Canadians have been slow to recognize the opportunities Mexico provides and government policy towards Mexico has sent mixed messages. Canada’s linkages to Mexico through the North American Free Trade Agreement (NAFTA) give us an advantage, but we must invest in the relationship today to reap future gains. This report examines the development of, and prospects for, the Canada-Mexico economic relationship and identifies key areas for future action.