Canadian Prime Minister Mark Carney stated that Ottawa is ready to deepen trade and economic cooperation with the US and Mexico in specific economic sectors. This was reported by Bloomberg, according to UNN.
Details
Speaking at a political conference in Toronto, Carney stated that Canada is considering options for closer integration within the North American economic space.
Like Mexico, Canada remains open to deeper integration, including “Fortress North America” options in specific sectors
At the same time, the Canadian Prime Minister did not specify which industries were being discussed.
To be clear, these proposals are already under consideration
Canada prepares for review of trade agreement with the US and Mexico
According to Bloomberg, the US, Canada, and Mexico are set to conduct a review of the USMCA trilateral trade agreement this year, which came into force during Donald Trump’s first term.
In recent years, Washington has introduced a series of tariffs on automobiles and steel, which has affected North American manufacturing chains.
Carney also stated that Canada will continue to expand trade with other regions of the world.
But if that path ultimately does not prove possible, we will invest heavily in new markets and products
Bloomberg writes that Canada is simultaneously trying to intensify trade negotiations with India, MERCOSUR countries, and other partners.
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