Doing business in Mexico

Situated at the crossroads of North America and Latin America, Mexico offers a compelling value proposition for Canadian exporters. As Canada’s third-largest merchandise trading partner, Mexico presents business opportunities across a wide range of sectors.

Canada and Mexico share a strong integrated economic relationship built on more than 3 decades of free trade, trust, innovation, and shared opportunities. This collaboration supports good jobs, sustainable growth, and a more secure future for both countries.

The Canada-United States-Mexico Agreement (CUSMA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) provide Canadian businesses with significant advantages, including:

• tariff-free entry for 99% of Canada-Mexico traded goods
• streamlined customs procedures
• enhanced investment protections

Since the implementation of the North American Free Trade Agreement (NAFTA) in 1994, bilateral trade between Canada and Mexico has increased twelvefold, reaching nearly $56 billion in 2024. Convenient non-stop flights connect most major Canadian cities to Mexican destinations in under six hours, often with minimal or no time zone differences.

With a population exceeding 132 million and a growing middle class, Mexico has a diverse consumer market with increasing demand for high-quality goods, services and digital and technological solutions. Its deep integration into global supply chains aligns well with Canada’s capabilities, especially in sectors such as:

• automotive
• aerospace
• agriculture
• clean technologies

Furthermore, Mexico’s participation in the CPTPP strengthens its ties to the broader Indo-Pacific region, offering Canadian companies a strategic platform for regional growth. By leveraging these trade agreements and decades of deepening economic ties, Canadian businesses can boost their competitiveness in Mexico while building resilient and diversified export strategies in an increasingly interconnected global economy. 

Mexico is an attractive market for industries such as:

• Aerospace
• Agriculture and processed foods
• Automotive
• Clean technologies
• Information and communications technologies
• Mining
• Oil and gas