The Canada-United States-Mexico Agreement (CUSMA) is a landmark agreement that facilitates free trade across North America, supporting opportunities for Canadian workers, businesses and communities.

“CUSMA is a model trade agreement that helps make the North American region more competitive and prosperous. As we prepare for the joint review of CUSMA, we want to hear directly from Canadians. Their views will help us ensure that this agreement continues to reflect our national priorities, strengthen our economy, and create opportunities for businesses and workers across Canada.”

- 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

• CUSMA entered into force on July 1, 2020.

• CUSMA comprises the world’s second largest free trade region, enhancing economic growth and elevating living standards across Canada, the United States and Mexico.

• Canada and the United States share the world’s most comprehensive trading relationship, reaching Can$3.6 billion worth of goods and services crossing the border each day in 2024.

• The United States ranked as the largest investor country of foreign direct investment (FDI) stock in Canada in 2024, representing 51% of FDI stock. The United States ranked as the largest recipient country of Canadian Direct Investment Abroad (CDIA) stock in 2024, receiving 52% of CDIA stock (based on Invest in Canada). 

• In 2024, Canadian firms contributed US$12 billion in capital investment in the United States, further reinforcing Canada’s role as a key economic partner.  

• In 2024, U.S. FDI in Canada stood at $763 billion, while Canadian foreign direct investment in the United State was $1.3 trillion. Over half of Canada’s direct investment abroad goes to the United States, supporting job creation and economic growth in communities both small and large.

• In 2024, Canada and Mexico engaged in nearly $56 billion in 2-way merchandise trade, with Canadian direct investment in Mexico reaching $46.4 billion, making it Canada’s ninth-largest direct investment destination.

Associated links

• Share your views: Consulting Canadians on the operation of the Canada-United-States Mexico Agreement
• The Canada-United States-Mexico Agreement (CUSMA)
• Canada-United States relations
• Canada-Mexico relations
• Doing business in North America
• Doing business in Mexico

Gabriel Brunet
Press Secretary and Senior Communications Advisor
Office of 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
819-665-6527
gabriel.brunet@iga-aig.gc.ca

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