Carney, Milei discuss trade deal progress and mining ties between Canada and Argentina
Canada-Argentina relations expand through trade, critical minerals, and defence cooperation
OTTAWA — Prime Minister Mark Carney held a bilateral call with Argentine President Javier Milei on Thursday, focusing on advancing trade negotiations, expanding investment, and strengthening cooperation in key strategic sectors.
The discussion highlights growing momentum in Canada-Argentina relations, particularly as both countries look to deepen economic ties within a shifting global trade landscape.
Progress on Canada–Mercosur trade negotiations
A central topic of the call was ongoing negotiations toward a free trade agreement between Canada and Mercosur, a South American trade bloc representing the world’s fifth-largest economy with a combined GDP exceeding $4 trillion.
Both leaders welcomed progress in the talks, which are seen as a key opportunity to expand market access and strengthen trade diversification for Canada.
Mercosur is an economic trading bloc worth more than $4 trillion.
Today, I spoke with President @JMilei about recent progress toward the Canada–Mercosur trade deal, and how Canada and Argentina can deepen our partnership in mining, energy, and defence. pic.twitter.com/0TENa0hYZg
— Mark Carney (@MarkJCarney) May 1, 2026
Expanding mining and investment partnerships
Prime Minister Carney underscored Canada’s role as a major investor in Argentina’s mining sector, noting opportunities to further expand cooperation in:
- Critical minerals
- Energy
- Trade and investment
The mining sector remains a cornerstone of bilateral economic ties, with Canadian companies playing a significant role in Argentina’s resource development.
Defence cooperation and Arctic engagement
The leaders also discussed the bilateral defence industrial relationship and the potential to increase Canadian exports.
Argentina’s upcoming participation in Operation NANOOK, a major Canadian Arctic sovereignty and defence exercise, was welcomed as a step toward deeper security cooperation.
World Cup cooperation and global engagement
Carney and Milei also looked ahead to the 2026 FIFA World Cup, which will be co-hosted by Canada, the United States, and Mexico beginning next month.
The tournament is expected to provide further opportunities for international collaboration and economic activity.
Continued diplomatic engagement
Both leaders agreed to remain in close contact as Canada and Argentina continue to strengthen cooperation across economic, defence, and global priorities.
Source: Prime Minister’s Office (pm.gc.ca)
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