A new joint partnership involving three countries, called the United States-Mexico-Canada Agreement (USMCA), is all set to change the landscape of Ontario, especially Southwestern Ontario. There will a surge in job creation as well as economic growth. Canada is likely to benefit more from the three-country agreement.
The partnership is an important step forward for North American trade, reinforcing strong economic ties between the three countries, reaffirming certainty in our longstanding trade relationship, and fostering good, well-paying jobs for Canadians. Bardish Chagger, the leader of the Government in the House of Commons, recently spoke about the importance of the USMCA in providing stability and predictability in trade with our largest market, and in supporting continued prosperity for Ontario.
Canada is the only G7 country to have trade agreements with all G7 countries. When implemented, the USMCA will help Canadians continue to compete globally and prosper in a healthy, integrated North American economy.
The Government of Canada will continue to engage with our North American partners to finalise the details of an agreement that benefits all Canadians.
