Canada and Mexico say yes to USMCA reform

In this climate of uncertainty, jurisdictions around the world are looking for stability and predictability. They are turning to their most trusted allies, choosing to localize manufacturing capacity in locations with partners who are reliable, safe, and secure. As members of the world’s largest free-trade zone, Canada, the United States, and Mexico know that they have no better friends than each other. Since 1994, free trade agreements among our three countries have raised the fortunes of all North American businesses, workers, and families, as our economies have become more integrated and prosperous. By working together to improve the reliability and fluidity of our supply chains, we have a chance to seize the moment and enhance the overall North American value proposition–and each partner has a role to play. Domestically, Canada is making strategic investments in key sectors to make essential supply chains more accessible and secure. Our Critical Minerals Strategy, for example, is securing the key inputs in batteries and semiconductors needed to support the world’s transition to the green digital economy of the future. In world markets driven by demand for microchips and batteries, Canada’s critical minerals, coupled with our reputation as a safe, reliable, and secure supplier of goods and services, make us the strategic partner of choice. That is why we have already secured investments from globally leading companies, including battery manufacturers, and continue to put into place a domestic battery ecosystem that will help meet the global demand for cleaner transportation alternatives.