MEXICO CITY - Mexico is looking to expand trade and investment with Canada beyond the existing United States-Mexico-Canada Agreement (USMCA) on free trade, President Claudia Sheinbaum said Wednesday.
"We have the USMCA, obviously, but we also want continued investment from Canadian companies," Sheinbaum said at her daily press conference after what she called a "very good" meeting with Canada's Foreign Affairs Minister Anita Anand and Finance Minister Francois-Philippe Champagne in Mexico City.
Canada agreed to increase investment in Mexico, expand direct trade and advance educational issues, Sheinbaum noted, adding that she also addressed the environmental issues related to Canadian mining operations in Mexico and discussed further regulations during Tuesday's talks.
READ MORE: Canadian, Mexican leaders talk about trading, investment ties
"We also talked about mining companies and all the impacts Canadian mining companies have had in Mexico, and the need for them to comply with all the requirements imposed by an environmental impact statement," she said.
The meeting also served to prepare for Canadian Prime Minister Mark Carney's visit to Mexico, for which no exact date has been announced.
Mexico and Canada are affected by global US tariffs on automotive, aluminum and steel exports despite the existence of the USMCA treaty, due to be reviewed next year.
READ MORE: Sheinbaum: Mexico continues negotiations with US on tariff issues
Besides, US President Donald Trump increased the tariff on Canadian imports from 25 percent to 35 percent starting from Aug 1, but agreed to a 90-day extension of current tariff rates with Mexico to negotiate for a trade deal.
