In what could be the last “Three Amigos” conference, Trudeau, Obama, and Mexican President Enrique Pena Nieto, are going to tackle environmental and economic issues. Adding to the importance of the meeting is the undercurrent of the U.S. presidential election and a sense of anxiety of what the outcome will be.
With the British voting to leave the European Union, uncertainty about the future of the EU, the unity of the United Kingdom, and the economic stability of Europe and Asia, having stable trading partners close by for all three countries is positive to ensure economic stability.
When Trudeau lifted Visa requirements for Mexicans it was a symbolic gesture to ease tensions and prepare for a protectionist U.S. after November. And with President Nieto in office until July 2018 and Trudeau in office until October 2019, this is a key point to build a good long-term relationship. Increased Mexican-Canadian trade through NAFTA will benefit both economies.
With the uncertainty of the economies of Europe, the U.K., and the U.S., the bilateral trade between Canada and Mexico could be vital for both economies to grow at a faster rate. If Trump removes the United States from NAFTA, Canada and Mexico, and Trudeau and Pena Nieto, will have to rely on their personal relationship to navigate through that crisis.
Hopefully Pena Nieto and Trudeau can work with the next U.S. President, but if not, it seems like they are willing to work together in North America if they have to.
The “Three Amigos” may become “Dos Amigos.”