Canada’s sports minister hopes World Cup can lead to trade agreement with US and Mexico
Summary
Canada’s sports minister, Adam van Koeverden, believes that hosting the World Cup this summer could help Canada, the United States, and Mexico agree on a new trade deal. The current trade agreement, USMCA, is under review with a July 1 deadline, and leaders from the three countries are expected to meet during the tournament.Key Facts
- Canada, the US, and Mexico are reviewing the USMCA trade agreement, which aims to keep most trade tariff-free.
- President Donald Trump paused formal trade talks last October and suggested making separate deals instead of the three-country agreement.
- Canada and Mexico want to keep the existing trilateral trade deal and have returned to negotiating.
- The World Cup will be hosted by Canada, the US, and Mexico, with leaders from all three countries expected to attend matches.
- Van Koeverden, a former Olympic athlete and Canada’s sports minister, sees the World Cup as a chance to help improve trade talks.
- Canada is hosting 13 World Cup matches in Toronto and Vancouver and organizing events across the country.
- The Canadian government expects the World Cup to add $2 billion to its economy and has planned $755 million for sports development programs.
- Canada’s leadership during the event aims to strengthen relationships with Mexico, the US, and Europe.
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