Vancouver: At a time when U.S. President Donald Trump has launched his trade war against Canada, Prime Minister Mark Carney appointed Mark Wiseman as Canada’s ambassador to the U.S.
With a career spanning three decades in law, business, and finance, Wiseman has deep experience with both countries’ economies, financial markets, and institutions. He has a strong track record of unlocking new opportunities for Canadians, including as President and Chief Executive Officer of the Canada Pension Plan Investment Board, as Chair of the Board of Directors of the Alberta Investment Management Corporation, and as a current member of the Prime Minister’s Council on Canada-U.S. Relations.
“Mark Wiseman brings immense experience, extensive contacts, and deep commitment at this crucial time of transformation of our relationship with the United States. As a core member of our negotiating team, he will help advance the interests of Canadian workers, businesses, and institutions, while building opportunities for both Canada and the United States.” Said PM Carney.
Canada-U.S and Mexico Agreement (CUSMA) review is likely next year and after he becomes Ambassador, Wiseman is expected to play a key contributor to the government’s efforts to advance Canada-U.S. priorities, including secure borders, a strengthened trade and investment relationship, and cooperation between Canada and the United States on global challenges.
The CUSMA came into force on July 1, 2020, for a 16-year term. It includes a commitment for all parties to jointly review the agreement starting on the sixth anniversary of its entry into force, on July 1, 2026. This first joint review will provide the opportunity to reaffirm CUSMA’s success, ensure it remains fit for purpose in a changing global landscape, and extend the agreement term for another 16 years, if all parties agree.
CUSMA has allowed more than 85% of Canada-U.S. trade to be tariff-free and moves more than $3.5 billion of goods and services across the Canada-U.S. border every day.