Latin America News
LAST UPDATE: July 1, 2025
Canada removes all remaining federal exceptions to its internal free trade agreement
Canada’s government eliminated lingering federal carve-outs to its internal free trade agreement, ensuring that provinces and territories operate under full free-trade rules.
Insight
This streamlining of internal trade is expected to reduce interprovincial barriers, boost economic efficiency, and encourage domestic market integration—enhancing competitiveness ahead of international deal negotiations.
Mexico and Brazil seek deeper trade ties to expand beyond US and China
Mexico’s and Brazil’s trade ministers met to discuss enhancing bilateral economic cooperation aimed at diversifying trade beyond reliance on the U.S. and China.
Insight
This initiative marks a strategic pivot toward South–South integration, enabling both economies to reduce external dependency and strengthen regional value chains. It also reflects proactive trade diplomacy in a shifting global landscape.
Trump Moves to Restore Hard-line Policies on Cuba
Trump’s team is preparing to reinstate stringent measures against Cuba, reversing Biden-era relaxations. New restrictions may affect remittances, travel, and diplomatic engagement.
Insight
The policy pivot signals a return to hawkish stances in U.S.–Cuba relations, potentially disrupting economic development in Cuba and impacting diaspora communities. It may also affect broader U.S. influence in Latin America.
