Economic Advisory Panel Meets After CUSMA Review

Global Affairs Canada

Members of the Advisory Committee on Canada-U.S. Economic Relations met today to discuss the latest developments in the Canada-U.S. trade relationship, Canada's recent engagements with the U.S. and Mexico, and updates on defence and the fight against the fentanyl trade.

The Honourable Dominic LeBlanc, President of the King's Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade and One Canadian Economy, and Martin Moen, Chair of the Canada-U.S. Trade and Economic Task Force, updated the committee on the trilateral meeting between Canadian, American and Mexican officials that took place on July 1 in the context of the Joint Review of the Canada-United States-Mexico Agreement (CUSMA). They underscored that the Agreement, which supports jobs and provides Canadian businesses with stable access to key North American markets, remains fully in force until 2036 and that Canada remains actively engaged with the U.S. and Mexico to advance work related to the Joint Review on a bilateral and trilateral basis.

The Committee was also joined by Kevin Brosseau, Senior Associate Deputy Minister of National Defence, who provided updates on the recent North Atlantic Treaty Organization (NATO) Summit and national defence. Mr. Brosseau, who also serves as Canada's Fentanyl Czar, also updated the group on Canada's efforts to pursue traffickers, stop the flow, and save lives.

Committee members also discussed ongoing trade challenges, including sectoral tariffs affecting Canadian steel, aluminum, automobiles and softwood lumber, and explored opportunities to advance Canada's interests through engagement at all levels with U.S. and Mexican partners.

Minister LeBlanc reiterated that Canada will continues to engage constructively with the U.S. and Mexico, to build a stronger North American economy that delivers for workers and businesses in all three countries.

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