Mexico: Mexico

Mexico Dept: Trade between Canada and Mexico is at an all-time high. According to Canadian parliamentary data, Mexico was Canada s fifth-largest global export destination in 2010, the leader among Latin American countries. Mexico was Canada s third-largest source of imports worldwide again, first in Latin America. Canada s merchandise trade with Mexico totalled $27.1-billion for the year. More than 2,500 Canadian companies do business in Mexico, according to Globe and Mail. Our strengthened bonds have also spurred greater travel and integration among our peoples. Mexico is the second-largest tourist destination for Canadians, with nearly 1.6 million visiting in 2011. Similarly, more than 130,000 Mexicans visit Canada annually, including a growing number of students pursuing higher education and empty chair These figures typify our maturing relationship. Between 2005 and 2010, growth of Canadian trade with Mexico exceeded the growth of Canadian trade worldwide. As North America rapidly becomes a unified economy, greater expansion is on the horizon. If Mexico and Canada are added to the Trans-Pacific Partnership a free-trade agreement seeking to further integrate the economies of the Asia-Pacific region our nations would become part of a bloc covering approximately 658 million people and economic activity of $20.5-trillion. The TPP will yield economic expansion and job creation for both countries, at a time when many of the world s major economies are facing contraction. (www.immigrantscanada.com). As reported in the news.