The Ontario Liberals have begun a trip south of the border to firm up Canada’s trade and environmental partnerships with Mexico.
Premier Kathleen Wynne is front and centre on a team which includes Environment Minister Glen Murray who will speak at the Climate Summit of the Americas in Guadalajara on Wednesday and Thursday.
The primary focus on the trip is to convince potential investors and political leaders that Ontario is a great place to do business. The areas of business Wynne and company will push include manufacturing, agri-food, education, climate change, clean technology and innovation.
According to Wynne, Mexico is Ontario’s fourth largest trading partner with about $27 billion dollars going back and forth every year.
Another reason to reach out now is concern over the U.S. presidential race and the state of current trade deals with Canada and Mexico, as both Republican Donald Trump and Democrat Hillary Clinton have hinted at ending deals like the Trans-Pacific Partnership.
The first stop on the trip is Mexico City, then on to Guadalajara in the western state of Jalisco, where the climate summit will be held.
Mexico is doing a pilot project on the cap-and-trade system which the Liberals signed with Quebec and California, last year. Under the ‘cap and trade’ system, businesses have greenhouse gas limits or ‘caps’ and those coming in under theirs can sell or trade credits.
The idea is to create incentive to pollute less and an industry’s overall cap will gradually be lowered in order to reduce emissions.
Wynne will also have discussions with political leaders and business people in Guadalajara to discuss manufacturing in Ontario and research opportunities with the aim of creating new partnerships.
The premier has meetings in Mexico City on Friday morning. Wynne is due back on Friday evening.
— Kathleen Wynne (@Kathleen_Wynne) August 30, 2016
Off to Guadalajara for Climate Summit of the America's 2. Thanks to Jalisco & Mexico for continuing to build a North American carbon market!
— Glen Murray (@Glen4ONT) August 29, 2016