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Mexico and Canada Advance 2026–2030 Economic Plan as Sheinbaum Hosts Canadian Ministers

The push positions both countries to diversify supply chains ahead of the T‑MEC review.

Overview

  • After talks at Mexico’s National Palace, officials said they advanced a MexicoCanada Economic Cooperation Plan for 2026–2030, with a formal plan to be presented in the second half of 2026 to President Claudia Sheinbaum and Prime Minister Mark Carney.
  • The Team Canada trade mission gathered roughly 370–400 business leaders from 240 organizations for about 2,000 B2B meetings in Mexico City, with additional sessions in Monterrey and Guadalajara.
  • Business groups signed a memorandum of understanding between the Business Council of Canada and Mexico’s CCE to coordinate follow‑up, promote investment and structure long‑term partnerships.
  • Priority workstreams include critical minerals and refining, ports and infrastructure, advanced manufacturing and aerospace, pharmaceuticals and vaccines, as well as robotics, drones, AI and other digital and medical technologies.
  • Security cooperation featured in the talks, with Mexico prioritizing action against arms trafficking and Canada indicating the RCMP will increase staffing in its Mexico embassy to strengthen coordination.