OWIT Toronto and the Canadian Chamber of Commerce - Monterrey Unite to Explore North America’s Evolving Landscape

Written by Aditi Chaturvedi

Guest Speakers:

Moderated by - Jessica B. Horwitz Partner at Bennett Jones

Diane Francis - Journalist, Author and Editor-at-Large for the National Post

• Laura Macdonald - Chancellor's Professor in the Department of Political Science and the Institute of Political Economy at Carleton University.

In collaboration, OWIT Toronto and the Canadian Chamber of Commerce - Monterrey, Mexico, highlighted important developments reshaping the North American region. The discussions focussed on the interplay of global trends, including the implications of the U.S. presidential elections and Mexico’s historic election of its first female president. Her groundbreaking reforms are poised to redefine Mexico's socio-economic trajectory, offering profound benefits across North America. This collaborative dialogue emphasized the region’s evolving trade dynamics and the emerging opportunities for businesses and investors.

Panelists explored the challenges and benefits of economic and political integration, addressing contentious issues such as tariffs in the auto sector, GMO imports, and Mexico’s nationalist energy policies. Security and gender inclusivity were also central to the discussions, with advancements in Mexico acknowledged, but a need for broader enforcement and mechanisms to support underrepresented groups, including SMEs and women-owned businesses, highlighted.

The speakers examined the increasing influence of Chinese manufacturing investments and the growing pressure on Canada and Mexico to align with U.S. strategies aimed at reducing dependence on China. Changes in U.S. and Canadian immigration policies, with their unpredictable impact, were noted as a potential concern for maintaining global relationships.

Contentious topics such as supply management and the role of dairy farmers in Quebec were also addressed, with the upcoming Canadian elections expected to bring noticeable changes that could directly affect neighboring countries business relationships.

The discussion further delved into the evolving trade dynamics within North America under the CanCham, focusing on the challenges and opportunities leading up to the 2025 and 2026 review of the USMCA. CUSMA is seen as a pivotal opportunity for renegotiation, critical areas for consideration include environmental standards, digital taxation, and gender-based trade measures.

Panelists emphasized the vital role of trade associations in promoting inclusive trade, supporting member interests, and connecting businesses globally. The collaboration between OWIT Toronto and the Canadian Chamber of Commerce - Monterrey underscores the importance of dialogue in addressing challenges and unlocking opportunities, driving a more inclusive and prosperous future for North America.

Special Thanks to Alma Farias for organizing this event.