U.S. Commerce Secretary Gary Locke, hosted a meeting for North America’s Industry Ministers. Tony Clement, Canada’s Minister of Industry, and Bruno Ferrari, Mexico’s Secretary of Economy, were in attendance. They discussed the importance of trilateral cooperation on issues such as the National Export Initiative. The leaders agreed to identify ways to encourage small and medium-sized firms to export their goods and services. Secretary Locked added:
Canada, the United States, and Mexico have a sophisticated and robust trade relationship because of NAFTA… Because our businesses already cooperate in the production of goods and delivery of services, we must work together to develop strategies that will benefit these businesses and the workers of this region.
According to American Shipper, trilateral trade among the NAFTA partners totaled more than $735 billion in 2009. (An increase of 148% since the year before NAFTA’s implementation.)
This post was published on November 23, 2010 and updated on February 18, 2015.