Canadian business leaders are urging policymakers in North America to move quickly to review and renew the United States‑Mexico‑Canada trade agreement (USMCA) ahead of its formal 2026 joint review, warning that delays could disrupt investment and continental supply chains.
In testimony before U.S. trade officials, the head of a major Canadian business advocacy group emphasised the critical importance of a timely renewal of the USMCA, saying the agreement underpins economic security, investment confidence and integrated cross‑border trade networks that are vital for industry across the region.
The group pointed out that the USMCA — which replaced the North American Free Trade Agreement (NAFTA) — has delivered stability and predictability for investment and supply chain operations between Canada, the United States and Mexico since coming into force. Leaders argued that a prolonged review process or uncertainty around the pact’s future could erode investor confidence and complicate planning for companies that rely on tariff‑free movement of goods and deep regional integration.
Business representatives also joined counterparts in the United States and Mexico in issuing a joint appeal to all three governments to prioritise a rapid and successful review, underscoring the pact’s role in supporting jobs, efficient trade flows and competitive North American supply chains.
The calls come as the first required six‑year review of the agreement — a process that could lead to a full 16‑year extension if all parties agree — draws closer. Observers say that achieving a timely renewal will help maintain business certainty and smooth supply chain operations across the continent.
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