Canada’s Alberta Premier Danielle Smith has suggested that the country consider pursuing bilateral trade agreements with both the United States and México. This comes as the three countries prepare to review and potentially renegotiate the Canada-United States-México Agreement in 2026.
Smith believes there is an imbalance between the three nations, citing a significant trade surplus in favor of Canada when compared to México’s substantial deficit with the U.S. She emphasized that Canada and the United States have historically maintained more balanced trade relations, whereas the current trilateral agreement has led to concerns over México’s increasing investment from China.
“We should be looking at two bilateral agreements,” Smith said on Rosemary Barton Live. “The United States can have its own agreement with México. I think we would end up with very constructive outcomes that way.”
Smith’s comments echo those made by Ontario Premier Doug Ford, who also suggested exploring a bilateral pact with the U.S., criticizing México for allowing Chinese car plants to set up shop in the country.
Prime Minister Justin Trudeau has acknowledged concerns over Chinese investment in México but remains committed to trilateral negotiations. Meanwhile, steelmaker CEO Lourenco Goncalves expressed confidence that the Canada-U.S. relationship will endure despite any temporary trade disruptions.
As the three countries navigate the review and potential renegotiation of their agreement, Smith’s proposal for bilateral deals has sparked debate about the best approach moving forward.
Source: Yahoo News
Source: México Daily Post from The México City Post on 2024-11-17 20:43:00
