The Canada-United States-Mexico Agreement (CUSMA) is a landmark agreement, first enacted on July 1, 2020, that facilitates free trade across North America, supporting opportunities for Canadian workers, businesses and communities.

On September 19, 2025, the Honourable Dominic LeBlanc announced the launch of public consultations on the operation of CUSMA. This marks the Government of Canada’s second formal public consultation on the agreement, following an initial round held in 2024.

“CUSMA is a model trade agreement that helps make the North American region more competitive and prosperous,” said Hon. LeBlanc. “As we prepare for the joint review of CUSMA, we want to hear directly from Canadians. Their views will help us ensure that this agreement continues to reflect our national priorities, strengthen our economy, and create opportunities for businesses and workers across Canada.”

The feedback from these consultations will inform Canada’s preparations for the first joint review of the agreement.

Participants will be able to submit their comments from September 20th, 2025 until November 3rd, 2025.

Some key facts: 

• -  CUSMA comprises the world’s second largest free trade region, enhancing economic growth and elevating living standards across Canada, the United States and Mexico.
• -  Canada and the United States share the world’s most comprehensive trading relationship, reaching Can$3.6 billion worth of goods and services crossing the border each day in 2024.
• -  The United States ranked as the largest investor country of foreign direct investment (FDI) stock in Canada in 2024, representing 51% of FDI stock. The United States ranked as the largest recipient country of Canadian Direct Investment Abroad (CDIA) stock in 2024, receiving 52% of CDIA stock (based on Invest in Canada).
• -  In 2024, Canadian firms contributed US$12 billion in capital investment in the United States, further reinforcing Canada’s role as a key economic partner. 
• -  In 2024, U.S. FDI in Canada stood at $763 billion, while Canadian foreign direct investment in the United State was $1.3 trillion. Over half of Canada’s direct investment abroad goes to the United States, supporting job creation and economic growth in communities both small and large.
• -  In 2024, Canada and Mexico engaged in nearly $56 billion in 2-way merchandise trade, with Canadian direct investment in Mexico reaching $46.4 billion, making it Canada’s ninth-largest direct investment destination.

Source:  Global Affairs Canada September 19, 2025 news release