Trans-Pacific Partnership (TPP) – Mexico
GDP ($ billions): 1,415.9
GDP per capita ($): 11,827
GDP growth rate (%): 2.1
Consumers (millions): 119.7
Mexico's Main Imports: (from the world): Electric machinery; machinery and mechanical appliances/parts; vehicles; mineral fuel/oil; plastics and articles thereof
Canada's merchandise exports to Mexico (2012-2014 annual average) (value in millions of Canadian dollars)
- Agriculture and Agri-food (2,013.1)
- Fish and Seafood Products (8.4)
- Forestry Products (296.8)
- Automobile Parts (1,271.6)
- Iron and Steel Products (858.0)
- Industrial Machinery (819.9)
- Other Industrial Products (4,889.4)
As part of the North American Free Trade Agreement (NAFTA), Mexico is one of Canada’s closest commercial partners. From 2012 to 2014, Canada exported an annual average of $10.2 billion worth of merchandise to Mexico.
Complementing Existing Preferential Access to Mexico
Under the NAFTA, Canada benefits from preferential market access into Mexico.
The TPP rules of origin reflect and support the integration of existing North American supply chains related to a wide-range of goods including autos and machinery.
These provisions will encourage Mexican producers to use Canadian ingredients, parts, and materials when producing goods that are exported preferentially to other countries under the TPP.
Canadian producers and processors that source inputs from Mexico will be able to continue to do so while benefiting from preferential access to other TPP countries.
The TPP will also enhance Canada’s service industry by providing new opportunities in the Mexican market in key sectors, by offering greater transparency and predictability.
Examples of key sectors that will be covered include professional services (e.g. legal services, and architectural and engineering services), computer and related services, and environmental services.
With regard to temporary entry of business persons, new commitments will make it easier for Canadian businesses to temporarily move certain categories of business persons to Mexico. These new commitments include enhanced access for business persons providing after-lease services, as well as certain highly-skilled Canadian professionals and technicians.
Furthermore, new commitments will allow spouses of certain Canadian business persons to work in Mexico.
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