La Jornada – Mexico seeks to attract Canadian companies to the southeast

Mexico City. Tatiana Clotheer, Minister of Economy, presented to the Canadian government the projects that Mexico is developing in the southeast of the country, with the aim of attracting investment from companies from that country.

Similarly, the official revealed, without going into details, that next week a meeting will be held with Canada and the United States to discuss energy sector issues.

The above, after completing a virtual meeting with Mary Ng, Minister of Small Business, Export Promotion and International Trade of Canada, where they agreed to work on increasing investment and strengthening the trade relationship.

Clothier explained that they presented both the Canadian government and businessmen with the current government’s major projects, such as the Mayan Train and the Interoceanic Passage of the Isthmus of Tehuantepec.

He stressed that it is not about looking for foreign investment for these specific projects, but rather about seeking Canadian companies to consolidate their presence around them.

“We have made a commitment to continue working on investment and strengthening the trade relationship with the presentation of the projects that we are developing in the southeast of the country,” the Ministry of Economy said.

According to SE, Canada is Mexico’s fifth most important trading partner. In 2020, exports to that country amounted to 11,162 million dollars, while imports amounted to 8,331 million dollars, which represents a favorable trade balance of 2832 million dollars.