Background on Key Figures and Relevance
The Business Council of Canada has highlighted the upcoming G7 Leaders Summit in Kananaskis, Alberta, as an opportunity for a parallel trilateral summit among the North American leaders to discuss revising the T-MEC.
Inviting Mexico’s President Sheinbaum
The Business Council of Canada praised Canadian Prime Minister Mark Carney for inviting Mexico’s President, Claudia Sheinbaum, to the G7 Leaders Summit.
In a statement, the Council emphasized that President Sheinbaum’s invitation reflects and strengthens the importance of the trade and investment alliance between Canada and Mexico for North America’s continental economy.
According to the Council, this invitation allows Prime Minister Carney to organize a trilateral meeting where the leaders of Canada, the United States (President Donald Trump), and Mexico can reaffirm their governments’ commitment to successfully reviewing and extending the T-MEC.
Importance of Accelerating T-MEC Review
The Council believes that expediting the T-MEC review and extension is the best way to restore certainty, stability, and predictability necessary for regaining investor confidence that supports North America’s continental economy.
The Council added, “Prime Minister Carney’s willingness to bring together the leaders of North America represents a positive step towards restoring and renewing the close economic association that benefits the people of all three countries.”
About the Business Council of Canada
Founded in 1976, the Business Council of Canada is a non-partisan, not-for-profit organization representing business leaders from all regions and sectors across Canada.
The Council’s member companies employ 1.7 million Canadians, contribute the majority of federal corporate taxes, and are responsible for most of Canada’s exports, corporate philanthropy, and private sector investments in research and development.
Through supply chain partnerships, service contracts, and mentorship programs, Council members support hundreds of thousands of small businesses and entrepreneurs in communities of all sizes across Canada.
Key Actions and Ideas
- G7 Leaders Summit in Kananaskis, Alberta: The upcoming summit presents an opportunity for North American leaders to discuss revising the T-MEC.
- Invitation to Mexico’s President Sheinbaum: Prime Minister Mark Carney invited President Claudia Sheinbaum, highlighting the significance of Canada-Mexico trade and investment alliance.
- Trilateral Meeting: The invitation enables a trilateral meeting among Canada, the United States, and Mexico to reaffirm their commitment to T-MEC review and extension.
- Accelerating T-MEC Review: The Council emphasizes the importance of expediting the review and extension process to restore investor confidence.
- Business Council of Canada: A non-partisan organization representing business leaders from all sectors and regions in Canada, supporting small businesses through various programs.
Key Questions and Answers
- Who is advocating for the trilateral summit? The Business Council of Canada is promoting a trilateral summit among North American leaders to review the T-MEC.
- Why is Mexico’s President Sheinbaum invited? Her invitation underscores the importance of the Canada-Mexico trade and investment alliance for North America’s economy.
- What is the purpose of the trilateral meeting? The leaders aim to reaffirm their commitment to successfully reviewing and extending the T-MEC.
- Why is accelerating the T-MEC review crucial? It aims to restore investor confidence, which is vital for North America’s continental economy.
- What is the Business Council of Canada? A non-partisan organization representing business leaders from all sectors and regions in Canada, supporting small businesses through various programs.
