A trade mission, comprised of 240 Mexican companies from various sectors , will seek to expand its export, investment and collaboration opportunities in Canada.

The mission, headed by Marcelo Ebrard, head of the Ministry of Economy , will begin this Thursday, May 7, in Toronto and Montreal, where more than 1,800 business meetings are planned with around 200 Canadian companies .

“This is an unprecedented working visit aimed at expanding our flow of investment and trade with Canada,” Ebrard explained.

The meeting will include representatives from companies —mostly small and medium-sized— from different sectors, including agribusiness, manufacturing, pharmaceuticals, electromobility , creative industries, education and patent acceleration, as well as investment funds and innovation clusters.

As part of the agenda, Ebrard will have a working lunch with executives from companies such as Air Canada, Bombardier, ATCO, Brookfield, CN Rail, TC Energy, among others.

He will also lead a meeting of various Mexican companies with investment funds, including the Ontario Teachers Pension Plan —one of the largest in the world— and financial institutions in this country, in search of financing and collaboration opportunities .

“We already have trade with Canada and a significant flow of investment. With this mission, we want to accelerate our presence on the scene and, above all, open up the market for many Mexican companies, particularly small and medium-sized enterprises,” explained the Secretary of Economy.

Alongside the mission’s work, Marcelo Ebrard will hold working meetings with Canada’s Minister of Trade, Dominic LeBlan

The talks will seek to advance the process of the next review of the United States-Mexico-Canada Agreement (USMCA) .

According to the most recent data from the Bank of Mexico (Banxico) , Mexico’s exports to Canada reached  22 billion 169 million dollars (mdd) in 2025 , which meant an increase of 17% compared to 2024.

Meanwhile, Mexican imports from Canada totaled $12.555 billion last year, a 3.6% drop compared to 2024.

The push for this initiative comes on the eve of the review of the USMCA, scheduled for next July, with the aim of consolidating a more integrated North American economic bloc.

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Marcelo Ebrard, head of the Ministry of Economy (SE) , announced the call for a Mexican trade mission to Canada, which seeks to strengthen the economic and business relationship with that country, and which will take place on May 7, 8 and 9 of this year.

The mission aims to open new opportunities for trade, investment and collaboration between both economies and countries, which are part of the United States-Mexico-Canada Agreement (USMCA) , whose review will take place next July and, starting on March 16, Mexican and American authorities will begin the first round of bilateral meetings towards the review of this agreement.

Ebrard indicated that the delegation that will be formed will visit Vancouver, Montreal and Toronto , and that an invitation is being extended to all Mexican companies that want to participate, whether small, medium or large.

“What do you get from participating? Well, it gives you meetings with all the sectors and companies that interest you. It’s organized by sector. It gives you access to B2B meetings with other companies there. It gives you access to meetings with the sector you’re working in to learn what you can do in Canada to grow. And it gives you access to all government agencies. It’s well worth it,” the federal official emphasized.

He recalled that this initiative stems from a conversation that the President of Mexico, Claudia Sheinbaum, had with the Prime Minister of Canada, Mark Carney, and the visit of a delegation of 400 Canadian companies to Mexico that took place last February.

Canada is the third largest investor in Mexico. According to the Ministry of Economy (SE), in 2025 Canada ranked third in terms of Foreign Direct Investment (FDI) in the country, with $3.323 billion , representing 8.1% of the total FDI received by Mexico during that period, which amounted to $40.871 billion .

“For your information, I already have confirmation from many Mexican companies, including mining, automotive, and everything related to creative industries and electromobility, that they will be participating,” Ebrard pointed out.

He specified that the call for applications to form the mission will be open from March 12th and will close on April 11th.

Mexico and Canada, essential for the USMCA

In his remarks, Juan Ramón de la Fuente, head of the Ministry of Foreign Affairs (SRE) , indicated that Mexico and Canada have a solid relationship based on economic cooperation , political dialogue, trust, and shared democratic values.

The Mexican Foreign Minister emphasized that both countries are key players in the North American context, along with the United States . “Closely linked value chains, reciprocal investments, innovation, and technology can translate into benefits for many more families than they are currently enjoying. We must also be part of this new commitment, which we must all strengthen in our actions. And indeed, the review of the trade agreement is coming very soon,” he noted.

Meanwhile, Cameron Mackay, Canada’s ambassador to Mexico, stated that the review of the USMCA represents “a critical opportunity” to improve the free trade partnership.

“Canada’s position is clear: our priority is to maintain a trilateral agreement so that Mexicans, Canadians and Americans can continue to benefit from this trade relationship that has existed for more than 30 years,” he emphasized.

Luis Rosendo Gutiérrez, Undersecretary of Foreign Trade at the Ministry of Economy, stated that the Mexican government is very clear that Canada’s participation in the trilateral trade agreement is fundamental .

Ebrard rules out negative impacts on Mexico from Article 301

Marcelo Ebrard highlighted that 85% of Mexico’s trade within the USMCA has nothing to do with Article 301 of the United States Trade Act of 1974.

When asked about the investigation announced by the administration of US President Donald Trump to impose new tariffs on several countries, including Mexico, the Mexican official said that “we do not expect it to have a new impact that should concern us in terms of overall trade.”

It is worth recalling that the United States announced on March 11 that it would initiate new investigations into industrial overcapacity in 16 trading partners and into forced labor, in order to reinstate tariff pressure, after the U.S. Supreme Court issued a ruling in February that nullified most of Trump’s generalized tariffs, considering that he violated the regulations by imposing them unilaterally based on the International Emergency Economic Powers Act (IEEPA) .

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