By Charles Lefebvre

Province signs memorandum of understanding with Mexican state to explore technology opportunities

Feb 13, 2019 | 4:24 PM

EDMONTON, AB — The provincial government has signed a memorandum of understanding with the Mexican State of Nuevo Leon to explore opportunities to promote innovation between the two regions.

The agreement, signed Wednesday afternoon, is focused on the areas of information and communications technologies, life sciences, clean energy and environmental technologies.

“We’re fighting for what matters, like more great opportunities for Alberta’s innovators,” said Deron Bilous, Minister of Economic Development and Trade, in a news release. “This agreement means they’ll gain valuable international experience that helps attract investment and growth, benefiting all Albertans. Mexico is becoming an even more important trading partner as we work towards our shared goals of innovation and expanded technology sectors.”

“We’re pleased to collaborate with the Government of Alberta and are eager to sign this agreement that will surely bring great benefits for both regions,” said Roberto Russildi, Secretary of Economy and Labour for Nuevo Leon, in a news release. “As a leader in digital transformation and 4.0 technologies in Mexico, Nuevo Leon has a lot to offer to Alberta.”

Alberta is the first Canadian province to sign this type of memorandum of understanding with Nuevo Leon, which is one of the largest contributors to the country’s economic growth. It will be in place until September 30, 2021.

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Mexico is Alberta’s third largest bilateral trading partner, with trade between the two totalling $2.8 billion in 2017.