Recent Evolution of Economic Relations between Mexico and Canada

The essay compares the evolution in the trade and investment flows of the eighties and those that have occurred in the nineties. The impulse generated from the start of NAFTA negotiations between Canada, Mexico and the United States, consolidated from the time it was signed and came into effect, have meant that Canada has become Mexico’s third trade partner and the eighth investor in this country. Although economic relations between Canada and Mexico tend toward strengthening, particularly in the financial and investment spheres, some problems persist in the area of commerce, derived from ignorance of the markets. However, at both the government and the private sectors, efforts are being made in both countries to counteract the problem and take better advantage of opportunities. Beyond relations at the federal level between Canada and Mexico, the contacts existing between the different states of Mexico and the Canadian provinces can strengthen and constitute a strong tie between the economies of the two countries.