T ogether, the gross domestic product (GDP) of Canada, Mexico, and the United States tops $29 trillion, or about 29% of global GDP. The three countries are home to more than 500 million people. For the most part, the governments of these nations can work together productively. So, it’s not surprising that Canada, Mexico, and the United States are
among each other’s top trade partners. Canada and Mexico have been one of the top three merchandise export markets for 49 states in the United States, the U.S. Chamber of Commerce reports. “Cross-border trade with respect to Mexico, the United States, and Canada is more relevant than it ever has been. We have a stable geopolitical environment, free trade,
and half a billion people between the three countries,” says David Cox, chief executive officer of Polaris Transportation Group, a provider of less-than-truckload (LTL) service between Canada and the United States, and other services. Each of the countries also boasts an educated workforce, making cross-border trade even more efficient, Cox says.
68 Inbound Logistics • April 2024
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