A significant trade mission from Mexico to Canada was launched on Thursday, with more than 200 Mexican businesses participating. The mission aims to strengthen commercial ties during the two-day event in Toronto and Montreal, including discussions on the Canada-U.S.-Mexico Agreement (CUSMA).
Canada-U.S. Trade Minister Dominic LeBlanc highlighted the longstanding economic relationship between Canada and Mexico and emphasized the potential to enhance North America’s competitiveness. Mexican Secretary of Economy Marcelo Ebrard expressed Mexico’s interest in fostering long-term partnerships with Canada, citing the evolving global landscape and the importance of aligning with like-minded countries.
The trade mission, organized by Mexico’s Secretariat of Economy, boasts over 240 participating Mexican businesses and over 1,000 scheduled business-to-business meetings. This initiative comes as both countries seek to diversify their trade networks and reduce reliance on the U.S. market amidst trade uncertainties.
Fernando Vargas, CEO of Bloom White Label Partners, underscored the collaborative opportunities between Mexico and Canada, noting the alignment in time zones and shared hosting of major events like the World Cup. Vargas aims to expand his company’s presence in Canada following successful business dealings in the country.
Both LeBlanc and Ebrard engaged in discussions on economic challenges and the upcoming CUSMA review. Ebrard is set to meet with prominent Canadian companies and facilitate interactions between Mexican businesses and Canadian investors, including the Ontario Teachers’ Pension Plan.
The trade mission follows a similar Canadian mission to Mexico earlier this year, resulting in numerous business agreements. Bilateral trade between Canada and Mexico reached $62 billion in 2025, with Mexico’s exports to Canada showing significant growth. Luis Arzani, Chief Commercial Officer of Grupo Xpress Internacional, hopes to streamline logistics operations directly with Canadian partners, bypassing U.S. intermediaries.
Armando Ortega, president of the Mexico-Canada bilateral committee, stressed the importance of Mexican capital tapping into the Canadian market to enhance bilateral trade further. Drawing from past experiences in NAFTA negotiations, Ortega emphasized the need for collaborative efforts during the CUSMA review to ensure a balanced trade agenda.
The ongoing efforts between Mexico and Canada aim to strengthen economic ties and explore new opportunities for mutual growth and prosperity.
