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Carney Sharpens Diversification Push as Canada and Mexico Activate Comprehensive Strategic Partnership

He links deeper Mexico ties to building leverage for the 2026 USMCA review.

Overview

  • Canada and Mexico have elevated relations to a Comprehensive Strategic Partnership and launched a 2025–2028 Action Plan focused on prosperity, mobility and inclusion, security, and environmental cooperation.
  • Ottawa announced $9.9 million for UN-led initiatives, including $5.5 million for an ILO project to integrate migrants in Mexico and $4.4 million through UNODC and the RCMP to counter fentanyl and precursor trafficking.
  • A forthcoming trade mission to Mexico will be led by Dominic LeBlanc, with plans for a new bilateral security dialogue targeting transnational crime, trafficking, money laundering and cybercrime.
  • Carney told the Council on Foreign Relations that Canada aims to reduce exposure to shifting U.S. policies, saying the country should not have to track the president’s social media to anticipate trade decisions.
  • Carney outlined a tiered approach to China that excludes national‑security‑sensitive areas and urged swift U.S. secondary sanctions on entities aiding Russia, while supporting the use of frozen Russian assets for Ukraine.