North Capital Forum

As capital flows reshape the economic landscape of North America, this conversation explored the forces driving innovation, entrepreneurship, and financial transformation across the region. Bringing together visionary leaders Nigel Morris, co-founder of Capital One and co-founder and managing partner of QED Investors, and José Antonio Meade, former Mexican Secretary of Finance and Public Credit, Foreign Affairs, Social Development, and Energy, this panel delved into the future of investments, fintech, and venture capital. They shared insights on fostering cross-border collaboration, scaling innovative financial technologies, and cultivating the leadership needed to unlock North America’s full potential as a global hub for innovation and sustainable growth.

Entertainment is rapidly transforming, and North America is emerging as a strategic powerhouse—especially with Mexico playing a key role. This panel explored how the region is positioning itself as a prime destination for world-class concerts, major sporting events, cultural festivals, and premium audiovisual content production. Industry leaders shared insights on what it takes to attract and deliver high-value global events and top-tier content, while discussing the unique opportunities for growth and innovation across the region. Join us to learn how North America is shaping its story as a vibrant entertainment hub with influence that resonates worldwide. Speakers: Cisco Aguilar, Secretary of State, Government of Nevada Felipe Vallejo, CEO and Global Chief Corporate Affairs Officer, Bitso Jorge Juárez, CEO, Westwood Entertainment Manuel Urrutia, Chief Strategy Officer, Cinépolis Jimena Tolama, Editor in Chief, Bloomberg Línea

Economic growth is the primary benchmark for evaluating the success of the trade agreement and the benefits it delivers to the societies within the region. Yet the true challenge lies in moving beyond traditional metrics to ask: what comes next for North America? The conversation spotlighted a generation of decision-makers who have lived the North American experience firsthand — those born after the signing of NAFTA, and others who came of age as it took shape. These individuals have played a vital role in bringing the concept of North America into public discourse in a constructive and experience-based way. The panel recognized and elevate their perspectives as essential to building a more dynamic and forward-looking North American future. Speakers: Juan Carlos Rodríguez, CEO, Dalton Motors Miguel Angel Curiel, Vice President and General Manager - Mexico, Driscoll’s Oscar del Cueto, CPKCM President and Executive Representative, CPKC Rossana Fuentes-Berain, Founder & Director, Mexico Media Lab Regina Reyes Heroles, Director of Editorial Innovation, Milenio

Digital transformation and innovation are redefining how businesses operate across North America. From manufacturing and logistics to finance, agriculture, and services, companies—from small and medium-sized enterprises to global firms—are adopting new technologies and innovative solutions to improve efficiency, reduce costs, and remain globally competitive. This panel brought together leaders from Canada, the United States, and Mexico to explore how the region can harness these tools and strategies to ensure that digital transformation and innovation become shared engines of sustainable and inclusive economic growth. Speakers: Arrow Augerot, Director, Americas Public Policy, Amazon Claudia Jañez, Presidenta Ejecutiva, ConMéxico Eduardo Amaro, NCF25 FELLOW, Regional Director, Mexico, Rockwell Automation Harry Krensky, Managing Partner, Discovery Americas Guillermo Franco, Executive Director, Multimedios & Milenio Monterrey Marina Cigarini, Managing Partner, Mexico, McKinsey & Co

As global supply chains shift, North America is becoming a prime destination for allyshoring and nearshoring. This panel explored how bringing industries closer to home is strengthening resilience, driving innovation, and deepening ties between Mexico, the United States, and Canada. Leaders from across sectors discussed what it takes to build competitive regional supply chains—highlighting the role of talent, infrastructure, and public-private collaboration in positioning North America as a global model of security and shared growth. Speakers: Adriana Eguia, Regional Vice President, North West Mexico, Vesta Brendan Kelly, Visiting Fellow, Federal Reserve Bank of Dallas Global Institute Dan Erikson, Senior Advisor, Covington Rhett Buttle, Executive Director, Small Business Roundtable Amb. Louise Blais, Senior Special Advisor – U.S. and International Affairs, Business Council of Canada

This session brings together two leading voices shaping North America’s economic future: Altagracia Gómez, Coordinator of the Advisory Council for Regional Economic Development and Business Relocation at the Government of Mexico, and Blanca Treviño, President and CEO of Softtek. Together, they explored how business relocation, digital transformation, and regional integration are redefining competitiveness in Mexico and across North America. From government strategies to private-sector innovation, the conversation shed light on the opportunities and challenges of building a more connected, resilient, and forward-looking regional economy.

Global economic shifts, supply chain realignments, and geopolitical tensions are reshaping how nations trade, invest, and cooperate. This session explored the transition from decades of globalization to a more regionally integrated North America, with perspectives from across Canada, the United States, and Mexico. The discussion highlighted both the opportunities and challenges of this shift, focusing on how stronger regional value chains, cross-border innovation, and coordinated strategies can build resilience while maintaining global competitiveness. Speakers: Ken Frenkel, President, Canadian Council for the Americas Rob Wildeboer, Executive Chairman and Co-founder, Martinrea International Whitney Y. Baird, President and CEO, USCIB Juan Pardinas, Socio Director, Tres-N

This interactive panel aimed to showcase the economic value of exchange programs. Conversation leaders will share insights on how international exchanges generate economic value and how they can be strategically integrated into Comprehensive Economic Development Strategies (CEDS) to promote trade and investment. Experts explored ways to leverage exchanges in supporting cluster-to-cluster growth, enhancing regional connectivity, and strengthening global competitiveness. Speakers: América Ávalos, National Manager of Education and Family Philanthropy, Coppel Hazel Blackmore, Executive Director, COMEXUS (Fulbright Mexico) Pato Bichara, CEO, Collective Academy Puru Trivedi, Senior Vice President, Meridian International Center Courtney Breckenridge ,Co-Chair, Illinois Innovation Network’s Education and Workforce Committee

From stablecoins and cryptocurrencies to instant payments and real-time settlements, financial technology is transforming how money moves across borders. This panel explored the global trends reshaping the financial landscape and their impact on North America’s economies, businesses, and households. The conversation examined how innovations in digital finance are changing remittance flows, expanding access to financial services, and enabling faster, more secure transactions. Panelists also discussed the policy, regulatory, and infrastructure shifts needed to ensure these technologies foster inclusion, protect consumers, and strengthen cross-border economic integration. As the pace of change accelerates, understanding these dynamics is key to building a more connected and competitive region. Speakers: Claudia Núñez Sañudo, CEO, Fintech Mexico Kristy Duncan, Founder and CEO, Women in Payments Rene Salazar, Head of Partnerships & Expansion, LATAM, Stripe Penny Lee, President and CEO, Financial Technology Association (FTA)

In today’s fast-moving markets, access to reliable data is critical for strategic decision-making. This panel explored how companies and investors are leveraging data to identify trends, manage risks, and uncover opportunities across North American trade, investment, and energy integration, particularly within the USMCA framework. Panelists shared real-world examples of how actionable insights drive competitive advantage—whether optimizing supply chains, guiding capital allocation, or navigating regulatory shifts. The discussion highlighted key sectoral dynamics, including energy policy alignment, evolving trade flows, and cross-border investment trends that position Mexico, the U.S., and Canada as interconnected hubs of regional growth. The session also examined how collaboration between the private sector and policymakers can strengthen market intelligence, improve the business environment, and enable agile, evidence-based decision-making in an increasingly complex global economy. Speakers: Lala Elizondo, Co-founder, Tule Capital Martin Cabrera, CEO and Founder, Cabrera Capital Miriam Acuña, Chief Economist, GBM Paloma Merodio, Assistant Vice President of Data Analysis and Intelligence, AT&T Rogelio Arzate, Executive President, ANPACT - Heavy Duty Vehicles Association Gabriel Cohen, Chief Editor, Latinometrics

Science, technology, and education are key to North America’s ability to compete and lead in a rapidly changing world. This panel featured Dr. Dava Newman, former NASA Deputy Administrator and Director of the MIT Media Lab, in conversation with the director of one of Mexico’s leading universities. The discussion explored how innovation, space exploration, and academic collaboration can drive regional competitiveness, foster cutting-edge research, and prepare the next generation of leaders. Panelists highlighted opportunities for cross-border partnerships in science and education, demonstrating how collaborative efforts can position North America at the forefront of global discovery and technological advancement.

This interactive panel explored how the United States, Mexico, and Canada can strengthen trilateral collaboration to bolster cybersecurity across North America. As cyber threats grow more sophisticated and borderless, coordinated government action is essential to protect critical infrastructure, ensure data privacy, and defend democratic institutions. Panelists examined opportunities for joint policy development, intelligence sharing, public-private partnerships, and capacity building; with a focus on harmonizing regulatory frameworks and investing in cross-border cybersecurity readiness. The session aimed to identify actionable trilateral strategies that enhance regional resilience and establish North America as a global leader in cybersecurity governance. Speakers: Chad Wolf, Executive Director and Chief Strategy Officer, America First Policy Institute Colin MacSween, Director General, National Cyber Security at Public Safety Canada Erik Moreno Sánchez, Cybersecurity Director, Minsait México Sen. Luis Donaldo Colosio Riojas, Senator, Nuevo León, Senate of Mexico Noe Garcia III, Managing Partner, Forward Global

In collaboration with the public sector, the Special Committee on Investment and Relocation focuses on creating optimal conditions for investment and strengthening regional development across North America. As global supply chains realign, North America is emerging as a prime destination for companies relocating operations closer to key markets. This panel examined how the region can seize this momentum by creating the right conditions for investment, strengthening local industries, and integrating small and medium-sized enterprises into cross-border value chains. Panelists discussed strategies to accelerate digitalization, expand access to advanced technologies, modernize infrastructure, and scale clean energy adoption—showcasing how coordinated public-private efforts can transform delocalization into a powerful driver of growth, competitiveness, and resilience across the continent. Speakers: Andrés Mijes, Mayor, Escobedo, Nuevo León Francisco Cervantes, Presidente, Consejo Coordinador Empresarial Max El-Mann Arazi, President of the Special Committee for Investment and Business Relocation, Consejo Coordinador Empresarial María de Haas, Director General in the Officesof Secretary Marcelo Ebrard, Secretary of Economy Emilio Cadena, CEO, Prodensa | Chairman, U.S-Mexico Foundation

Shifting geopolitical dynamics are accelerating the transformation of supply chains, prompting U.S. companies to relocate operations closer to home and creating new opportunities for regional collaboration. As trade with China evolves and interest rates drive companies to optimize costs, the continued growth of e-commerce is fueling demand for faster, smarter logistics solutions. This panel explored how emerging technologies, infrastructure investments, and strengthened North American cooperation are redefining trade operations across the region. With U.S.-Mexico trade reaching historic highs and Mexico positioning itself as a leading industrial hub and logistics powerhouse, panelists shared strategies to enhance real-time visibility, strengthen risk management against theft and fraud, and streamline cross-border routes through key corridors and strategic ports of entry. As digitalization reshapes the logistics landscape, this session offered practical insights for building more resilient, agile, and efficient supply chains — positioning North America to capitalize on new growth opportunities and navigate global complexities with confidence. Speakers: Armando Martínez, CFO and Co-CEO, The Nearshore Company Fidel Gutiérrez, CEO, G-Global Mario Ramos, Vice President - Information Systems and Innovation, Wisdom Digital Logistics Rodolfo Mercado, CEO, Traxión Pam Simon, Conference Chair & EVP Programming, Manifest

The intertwined nature of the North American economies ensures that even as reshoring accelerates in the United States, Mexico and Canada will remain essential exporters of consumer goods, commodities, and agricultural products to their common neighbor. This dynamic highlights the region’s economic complementarity and the opportunities it creates for deeper collaboration. This session examined how a complementarity-based approach can expand regional integration, enhance shared economic value, and strengthen North America’s role in promoting long-term regional and global stability. Speakers: Jasper Jung, NCF25 FELLOW, Executive Director, Strategic Initiatives, Global Public Policy, General Motors Javier Valadez Ortega, Director of Operations Mexico, PACCAR Matt Stanton, Senior Vice President, Global Public Affairs, Constellation Brands Regis Gagnon, Vice President, Campus Juárez, BRP Christopher Hernandez-Roy, Deputy Director and Senior Fellow, Americas Program, CSIS

North America’s labor market is being reshaped by technological change, demographic shifts, economic uncertainty, and the green transition. This panel will explore how these trends are transforming jobs, skills, and workforce strategies across the U.S., Mexico, and Canada. Drawing on insights from the Future of Jobs Report 2025, which reflects the perspectives of over 1,000 global employers representing more than 14 million workers, panelists discussed how companies and governments are preparing for the workforce of 2030. The session examined strategies for workforce transformation, talent development, and cross-border collaboration, highlighting how North America can remain competitive and resilient amid rapid economic and technological change. Speakers: Alfredo Muñoz, VP Employee Benefits Business, MetLife Clint O'Neal, Executive Director, Arkansas Economic Development Commission Diana Palmerin-Velasco, Senior Director, Future of Work, Canadian Chamber of Commerce Leon Ruiz, Vice President, WSN Mexico Wadhwani Foundation Alejandro Madrazo Lajous, Academic Director, Talisis

From manufacturing to retail, Mexican companies are increasingly expanding into their northern neighbors, reshaping the region’s economic ties. This panel explored the motivations behind these cross-border investments, the strategies firms are using to deploy capital abroad, and the lessons learned from their ventures. Panelists shared candid reflections and strategic insights on how this wave of expansion is not only transforming individual companies but also redefining North America’s broader investment map and business landscape. Speakers: Ana María Aguilar, Directora Ejecutiva, Consejo Mexicano de Negocios Fernando Ramos, CFO, GBM Iván Rivas, Corporate Affairs and Institutional Relations Director, Xignux Pablo Zapata, Managing Director, Tresalia Capital, Private Equity Susana Sáenz, Business Journalist & Head of Multimedia Contents and Events, Whitepaper

As the global shift toward clean energy and electric mobility accelerates, North America faces both significant challenges and transformative opportunities. Regulatory fragmentation, uneven consumer adoption, and global competition underscore the need for deeper trilateral cooperation. This panel explored how forward-looking investments, resilient platforms, and private-sector collaboration can drive innovation, strengthen supply chains, and unlock long-term growth opportunities across the U.S., Canada, and Mexico. Panelists discussed actionable strategies to scale clean technologies, foster robust public-private partnerships, and align industrial policy to ensure that North America not only keeps pace with global trends but sets the standard for a competitive, integrated, and future-ready regional economy. Speakers: Conyers Davis, Global Director, USC Schwarzenegger Institute Jordi Tasias, Managing Director, Private Equity and Managing Director, CDPQ México Marco Rodríguez Huesca, Director of External Affairs, Public Policy, and Sustainability, Daimler Truck Ricardo Fernandez-Mazarambroz, NCF25 FELLOW, Director of the Corporate and Institutional Banking Network and Head of Sustainability, BBVA Mexico Diana Páez, Senior Director, Energy and Mobility, William Davidson Institute at the University of Michigan

As North America approaches the 2026 review of the USMCA, the region has a pivotal opportunity to renew and strengthen its economic integration. While the political landscape may bring new challenges, it also opens the door to modernizing the agreement and ensuring it continues to serve as a dynamic, future-oriented framework for trilateral cooperation. This panel explored how the treaty keeps being a cornerstone of regional cooperation amid growing global uncertainty. The conversation focused on how the three countries can modernize and strengthen the agreement to keep it relevant. Panelists addressed key issues such as rules of origin, industrial competitiveness, and strategic alignment in priority sectors. The discussion explored how the U.S., Mexico, and Canada can rebuild trust, strengthen collaboration, and position North America for long-term resilience and growth, while addressing rising domestic demands. The 2026 review presents not just a procedural requirement, but a unique chance to reinforce collaboration in the region. Speakers: Alice Slayton Clark, Senior Vice President of Trade, Investment and Digital Policy, USCIB Emilio Cadena, CEO, Prodensa Kevin Brady, Senior Consultant, Akin Gump Gov. Matt Blunt, President, American Automotive Policy Council (AAPC) Michael McAdoo, Partner & Director, Global Trade & Investment, Montreal, Boston Consulting Group Joshua P. Meltzer, Senior Fellow, Global Economy and Development program, Brookings Institution

As the USMCA review approaches, North America’s auto supply chain is at a pivotal moment to strengthen regional competitiveness. This panel explored how evolving trade dynamics — including U.S. tariffs on autos, auto parts, steel, and aluminum — are prompting the industry to adapt and innovate across the region. Amid concerns about taxation practices in Mexico and heightened scrutiny of Chinese-linked entities, the discussion examined how automakers and suppliers are leveraging USMCA enforcement mechanisms and investor protections to foster a more secure and transparent investment environment. Panelists also highlighted the critical importance of workforce development and skilled labor mobility to drive the next generation of automotive manufacturing, alongside government efforts to support technological advancement and process innovation. From refining rules of origin to addressing regulatory challenges, this session offered insights on how North America can seize emerging opportunities, fortify collaboration, and position its auto industry for sustainable growth in a rapidly changing global landscape. Speakers: Francisco González, Executive President, INA Peter Hall, Senior Economic Advisor, Martinrea International Tanya Skilton, Executive Director, Strategy, Innovation & Customer Care, Global Purchasing and Supply Chain, General Motors Andrea Durkin, NCF25 FELLOW, Vice President for International Policy, NAM

Labor mobility has become an essential component in responding to workforce shortages, evolving industry needs, and demographic shifts across North America. As the region faces increasing pressure to fill critical roles in sectors ranging from agriculture and manufacturing to healthcare and technology, the ability to move talent efficiently and responsibly across borders is more important than ever. This panel explored the current landscape of labor mobility, focusing on existing visa frameworks, binational agreements, and policy tools designed to facilitate cross-border workforce movement. It also highlighted innovative, industry-led solutions that are helping to address labor gaps while ensuring the protection and development of workers. In addition to practical mechanisms, the discussion examined the broader economic, social, and security implications of labor mobility, offering a comprehensive perspective on how governments, businesses, and civil society can collaborate to create a more resilient and adaptive labor ecosystem in North America. Speakers: Andrew Selee, NCF25 FELLOW, President, Migration Policy Institute Dany Bahar, Senior Fellow & Director Migration Program, Center for Global Development Marcela Escobari, Senior Fellow, Global Economy and Development, Brookings Institution Sean Randolph, Senior Director, Bay Area Council Economic Institute Carolina Millan, Mexico Bureau Chief, Bloomberg News

China’s growing global influence is reshaping trade, supply chains, and geopolitics, presenting both challenges and opportunities for North America. Drawing on insights from his most recent book, Patrick McGee explored how the U.S., Mexico, and Canada can respond to this shifting landscape. The panel examined strategies to balance competition with China while deepening regional integration, leveraging the collective strengths of the three countries to enhance resilience, competitiveness, and long-term growth in a multipolar world.

As the global energy landscape undergoes rapid transformation, North America stands at a critical juncture. The United States, Mexico, and Canada are uniquely positioned to lead—not only through abundant resources like oil, gas, and critical minerals, but also by advancing integration in electricity, petrochemicals, and clean energy technologies. This panel brought together top leaders to explore how deeper energy cooperation can boost regional competitiveness, attract investment in advanced manufacturing, and build more resilient supply chains for both conventional and emerging sectors. Panelists discussed how coordinated policy, infrastructure planning, and cross-border trade can enhance energy security within the region, and for global allies. With the 2026 USMCA review on the horizon, this is a key moment to assess how a unified North American energy strategy can drive long-term economic growth and geopolitical influence. Speakers: Carlos García, Senior VP Latin America, Commercial Operation and Managing Director, Valero Mexico Gerardo Cervantes, Chief Commercial Officer, Saavi Energía Gregory Romero, SVP Mexico Natural Gas Pipelines, TC Energy Katya Somohano, CEO, Iberdrola México Tania Ortiz Mena, President, Sempra Infrastructure Reed Blakemore, Director of Research and Programs, Global Energy Center Atlantic Council

North America stands at a pivotal moment to strengthen its industrial platform, with a robust, modern electrical manufacturing base at the heart of this opportunity. This panel explored how modern electrical infrastructure, regulatory alignment, and coordinated standards across the U.S., Mexico, and Canada can serve as strategic tools to drive investment, boost productivity, and ensure long-term energy security, especially as the three countries work to align policies ahead of potential USMCA renegotiations. The conversation also highlighted Mexico’s growing role in electrical equipment manufacturing and its regulatory modernization efforts, which position it as a key player in advancing regional value chains and increasing the use of North American content. With the USMCA review on the horizon, this timely discussion went beyond identifying challenges to focus on actionable strategies that can strengthen infrastructure, integrate supply chains, and align standards, all of which are critical steps toward securing a resilient, competitive, and innovation-driven North American economy. Speakers: Courtney Rosellini, Head of Government Affairs, TE Connectivity Jaime Zabludovsky, Vice President, IQOM Jesús Carmona, President, Mexico & Central America, Schneider Electric Spencer Pederson, Senior Vice President, Public Affairs, NEMA Montserrat Ramiro, Commissioner, Mexican Energy Regulatory Commission (CRE)

As global competition reshapes markets, North America faces strategic decisions around foreign investment, industrial policy, and supply chain resilience. The growing presence of investment from outside the region is transforming key industries and raising concerns about market access, tariff circumvention, and strategic dependencies. At the same time, these investments are contributing to job creation, industrial development, and expanded production capacity across the region. This session assessed how these dynamics are impacting trade, manufacturing, and investment decisions in North America. Speakers examined the risks and opportunities for businesses, the regulatory responses taking shape, and the potential for the U.S., Mexico, and Canada to align strategies that protect critical sectors while keeping the region competitive. SPEAKERS: Jorge Gonzalez Henrichsen, Co-CEO, The Nearshore Company Valeria Moy, Director, IMCO Glenn Hamer, President and CEO, Texas Association of Business Julián Ventura, Former Undersecretary of Foreign Affairs, Mexico; Former ambassador of Mexico to China Jason Marczak, VP and Senior Director, Adrienne Arsht Latin America Center, Atlantic Council.

Mexican Governors from Aguascalientes, Baja California, Nuevo León and Coahuila discussed the unique investment opportunities in their states, highlighting diverse sectors including automotive, manufacturing, agriculture, technology, innovation, and energy. The panel explored how subnational leadership can support North American integration, strengthen regional policies, and create a favorable environment for small and medium-sized enterprises. Panelists shared strategies for attracting investment, fostering innovation, and leveraging regional collaboration to drive economic growth. The discussion underscored how coordinated efforts at the state and regional level can help North America thrive in a competitive, interconnected global economy.

Contemporary geopolitics are defined by great power rivalries, regional conflicts, trade barriers, widening income gaps, health crises, and the disruptive impact of AI. In this session, Børge Brende, President of the World Economic Forum, shared his insights on how nations can foster cooperation and dialogue to better navigate these challenges. He was interviewed by Enrique Acevedo, international journalist, in a conversation that explored coordinated approaches to strengthen global stability while respecting the diverse interests and aspirations of countries worldwide.

The discussion examined the evolution of USMCA and the importance of maintaining stable, rules-based trade in the face of tariff volatility. It also addressed the modernization of border operations, from one-stop customs facilities and a potential Binational Customs Agency to new approaches for mapping land ports and commodity flows. In addition, panelists considered how digital infrastructure initiatives such as the North American Digital Infrastructure Coordination Initiative (NADICI) can harness AI and cybersecurity to enable secure, interoperable commerce. Finally, the session highlighted the role of Southern U.S. states as critical trade corridors and explore the proposal for a North American Industrial Coordination Council (NAICC) to align industrial policy, investment, and workforce development. Together, these themes point toward a more integrated and resilient regional economy. Speakers: Alfonso Nevárez Jr., Vice Chairman, Port EPN Daniel Covarrubias, Director, Texas Center for Border Economic and Enterprise Development, Texas A&M International University (TAMIU) Gerónimo Gutiérrez, Former Ambassador of Mexico to the United States, Senior Advisor, Covington Gerry Schwebel, Executive Vice President - Corporate International Division, International Bank of Commerce Jorge Márquez, Chief Operating Officer, Grupo México Transportes Mayra Maldonado, Executive Director, Hunt Institute at UTEP

As artificial intelligence reshapes industries and societies, open source development has emerged as a powerful force driving collaboration, transparency, and rapid innovation. In this conversation, Rob Sherman, Vice President and Deputy Chief Privacy Officer at Meta, explored how open source approaches—like Meta’s Llama—are accelerating technological progress while supporting economic growth and system-level safety. Drawing on real-world examples, including applications of Llama in Mexico, the discussion examined how open source tools empower developer communities across Latin America, enable countries to maintain technological and data sovereignty, and contribute to building global standards for responsible and ethical AI. The session also looked ahead, addressing how voluntary governance frameworks, industry-led safety standards, and proactive public policies can foster responsible adoption of AI technologies without stifling innovation. Finally, Sherman shared insights on the rise of personal superintelligence, and how this next frontier of AI could transform everyday life for users across North America and beyond.

Mariano-Florentino (Tino) Cuéllar, President of the Carnegie Endowment for International Peace and former Justice of the Supreme Court of California, engaged in a wide-ranging conversation on the forces shaping governance and cooperation in the 21st century. Drawing on his experience in law, diplomacy, and international affairs, Cuéllar reflected on the state of democracy and the rule of law, the disruptive impact of artificial intelligence and emerging technologies on public institutions, and the political economy of trade and regional integration. This discussion highlighted how North America—and the broader global community—can navigate these transformative shifts to strengthen resilience, equity, and long-term stability.

Public opinion is playing an increasingly influential role in shaping the environment in which governments and businesses operate across North America. This panel explored evolving perceptions among citizens in the United States; particularly on issues such as trade, security, migration, and bilateral relations. Drawing on the latest data from Echelon Insights for the U.S.-Mexico Foundation, the conversation analyzed how these attitudes are impacting policy decisions, investment climates, and the broader ability to foster long-term regional cooperation. For stakeholders navigating cross-border strategies amid political transitions and growing economic interdependence, understanding these dynamics is more critical than ever. Speakers: Kristen Soltis, Founding Partner and Co-founder, Echelon Insights Pedro Casas Alatriste, Executive VP and CEO, AmCham Mexico

This interactive panel brought together key voices to examine how strengthening the North American market can drive greater food security across the region. Participants addressed climate change, advancing complementary markets, and leveraging the region's productive vocation can contribute to a more resilient and competitive agricultural sector. Experts also discussed the role of regional health systems, technologies & infrastructure supply chain resilience & labor mobility, as well as preparing the next generation of leaders in agriculture, as we respond to an evolving regulatory landscape. Together, they identified opportunities for innovation and collaboration to build a more secure, sustainable, and integrated food system in North America. Speakers: John Bode, President and CEO, Corn Refiners Association Kerri Conway, Secretariat, North American Agricultural Advisory Network Jorge Esteve, President, Consejo Nacional Agropecuario Hector Lujan, CEO, Hortifrut Ana Paula Ordorica, Journalist

This panel explored the AI adoption journey, covering integration, talent acquisition, and resource allocation in both the private and public sectors. Speakers shared valuable lessons from their experiences and strategies for overcoming common challenges. Given the rapid evolution of AI-driven solutions, it's crucial for businesses and governments to align their resources, talent, and strategies for effective adoption. The discussion focused on how organizations can leverage AI to drive growth, innovation, and competitiveness. By examining real-world examples and best practices, we will identify key takeaways for stakeholders looking to achieve sustainable success with AI. Beyond domestic implications, the discussion also explored the regional dimensions of AI collaboration and innovation. We analyzed the potential of the USMCA to boost regional competitiveness through AI-driven initiatives. By fostering a deeper understanding of the opportunities and challenges presented by USMCA, we aim to inspire new partnerships and collaborations that will propel economic growth and development across North America. Speakers: Alejandro Maza, Chief Data Officer, Kavak David JIménez, Managing Director, CPG, Sofftek Estefania Capdeville, Directora de Proyectos Especiales y Cooperación Global, Agencia de Transformación Digital y Telecomunicaciones (ADT), Gobierno de México Gordon Whitehouse, Co-founder and COO, Pacto Glenda Michel, Public Policy Manager, Meta

North America is entering a mega-decade of sports, with events like the 2026 FIFA World Cup, the 2028 Los Angeles Olympics, and multiple major league championships creating unprecedented opportunities to connect fans, cultures, and economies. This panel explored how sports can serve as a powerful economic driver for both the public and private sectors, while also promoting cultural exchange and peacebuilding across the continent. Panelists discussed how different industries can align with financial and strategic opportunities arising from these events, and how major sporting moments can generate long-term economic growth, strengthen communities, and enhance the region’s global cultural capital. Speakers: Phil Clement, President & CEO, World Business Chicago Gabriela Cuevas, Representative for the FIFA World Cup, Government of Mexico Reggie Love, Senior Advisor, Apollo Global Management Jurgen Mainka, Chief Tournament Officer Mexico, FIFA World Cup 2026 Travis Murphy, NCF25 Fellow | Founder and CEO, Jetr Global T. K. Harvey, Vice President of Culture & Sports Diplomacy, Meridian International Center

Former ambassadors and secretaries from Mexico, the United States, and Canada engaged in a conversation on the evolving intersection of national and economic security in North America. The panel explored today’s most pressing security challenges and the critical role of trilateral cooperation in safeguarding regional stability. Drawing on their experience, the discussion highlighted strategies for aligning security and economic priorities, enhancing collaboration across borders, and strengthening North America’s collective resilience in an increasingly complex global environment. SPEAKERS: Graeme C. Clark, Former Ambassador of Canada to Mexico John Negroponte, Former Ambassador of the United States to Mexico Carlos Gutierrez, Former Secretary of Commerce, United States Gerónimo Gutiérrez, Former Ambassador of Mexico to the United States Stephanie Ochoa, White House Correspondent, Entravisión

This conversation touched the policies, priorities, and strategies shaping Mexico’s role in today’s global economy. From trade diversification to strengthening regional integration under USMCA, the session will highlight how Mexico is navigating shifting supply chains, new technologies, and evolving global dynamics. Participants gained insights into the opportunities and challenges facing North America’s trade agenda—and how closer cooperation between Mexico, the United States, and Canada can drive competitiveness, investment, and long-term prosperity across the region. SPEAKERS: Luis Rosendo Gutiérrez, Undersecretary of Foreign Trade, Secretaría de Economía, Mexico Emilio Cadena, CEO, Prodensa | Chairman, U.S.-Mexico Foundation

This conversation featured Altagracia Gómez, Coordinator of the Advisory Council for Regional Economic Development and Business Relocation at the Government of Mexico, and Robert F. Smith, Founder, Chairman, and CEO of Vista Equity Partners. The discussion explored Mexico’s Plan Mexico, focusing on an approach to attract strategic investment and encourage business relocation within a broader vision for North American integration. Combining global investment expertise with Mexico’s economic development goals, the panel examined opportunities for innovation, sustainable growth, talent, technology and stronger cross-border partnerships. The session offered a unique perspective on how public and private sectors can collaborate to enhance prosperity and deepen regional ties.

While trade policy and diplomacy often dominate headlines, the everyday experiences and opinions of North Americans tell a deeper story. This session brought fresh insights from the Gallup World Poll to spotlight how people across the U.S., Mexico, and Canada are feeling in 2025, on issues ranging from economic outlook and well-being to trust in institutions and perceptions of regional cooperation. Going beyond averages, the discussion also examined how socio-economic status shapes these views, revealing critical differences in priorities across communities. As political transitions and policy shifts continue to unfold, understanding what citizens truly value offers a powerful lens for building a more inclusive and resilient North America.

In this session, NCF25 Mexico Co-Chair, Antonio del Valle, and NCF25 Canada Co-Chair, José Boisjoli shared their vision for delivering “The North American Way”—an approach grounded in shared values, deep cross-border connections, and a commitment to innovation, prosperity, and social responsibility. These leaders offered diverse perspectives shaped by their countries, industries, and personal experiences. Together, they explored how collaboration across sectors and borders can drive inclusive growth and strengthen the bonds that make North America unique. This conversation brought fresh ideas on how to build a future that reflects the region’s collective spirit and shared ambitions. SPEAKERS: Antonio del Valle, NCF25 Mexico Co-Chair | Chairman, Grupo Kaluz José Boisjoli, NCF25 Canada Co-Chair | President and CEO, BRP Megan Messerly, White House Reporter, Politico https://www.northcapitalforum.com/ncf25-cochairs-panel

The exchanges between the Legislative branches in North America are a powerful tool for advancing regional cooperation. Lawmakers can improve policy development, harmonize regulatory frameworks, and tackle shared challenges more effectively. This panel focused on how legislative bodies contribute to better governance and a unified regional approach to critical issues such as border security, legal migration, infrastructure development, and trade implementation. The discussion also highlighted legislative oversight in agreements such as the USMCA and explore long-term agendas that promote regional equity, legal frameworks, and accelerate strategic infrastructure, among other instruments to shape a more resilient, secure, and prosperous North America. SPEAKERS: Sen. Cynthia López Castro, Mexico Sen. Peter Boehm, Canada Rep. Tony Gonzales, USA Carlos Díaz-Rosillo, Director, Adam Smith Center for Economic Freedom, FIU https://www.northcapitalforum.com/ncf25-legislators

This session featured the ambassador of Canada to Mexico, and the Mexican ambassador to the United States, bringing fresh perspectives to the region’s most pressing issues. Together, they will explore the growing unity and shared vision across North America. The panel addressed both challenges and opportunities facing the three countries, highlighting how close collaboration can turn obstacles into strengths. With the region more connected and powerful than ever, these leaders will discuss ways to deepen partnerships, build trust, and work collectively toward a resilient and prosperous future. SPEAKERS: T.H. Cameron MacKay, Ambassador of Canada to Mexico T.H. Esteban Moctezuma, Ambassador of Mexico to the United States Alma Caballero, Managing Director, McLarty Mexico www.northcapitalforum.com/ncf25-ambassadors

This panel brings together leaders from diverse sectors to explore how emerging technologies are transforming industries and communities across North America. Despite their different fields, the panelists share a common focus on how innovation drives change—shaping policy decisions, implementation strategies, and the broader social and economic consequences. The discussion examined the unique challenges and opportunities technology presents within the region, while also considering global trends and lessons. Attendees gained insights into how cross-sector collaboration and forward-thinking policies can unlock technology’s full potential for inclusive growth and sustainable development. SPEAKERS: Mónica Aspe, CEO, AT&T Mexico Nicole Valentine, Director, Fintech, Milken Institute Nick Pickles, CPO, Tools for Humanity Karlo Terán, NCF25 Fellow | CEO, Monro Capital www.northcapitalforum.com/ncf25-transformational-tech

This fireside chat featured Roberto Velasco, Undersecretary for North America at Mexico’s Ministry of Foreign Affairs, in conversation with Enrique Perret, Managing Director of the US-Mexico Foundation and President & Founder of the North Capital Forum. Together, they reflected on the latest developments shaping North America, from trade and investment to mobility, security, and innovation. With a focus on opportunities for collaboration, the discussion will highlight how Mexico, the United States, and Canada can continue to strengthen ties and advance shared priorities in a rapidly changing global context. www.northcapitalforum.com/ncf25-sre-rv

Hosted by the North Capital Forum This panel explored the critical role of energy transition in shaping North America's future. Experts discussed how the region can leverage its diverse energy resources and technological capabilities to accelerate the shift towards cleaner, more sustainable energy systems. The conversation highlighted opportunities for cross-border collaboration in developing renewable energy infrastructure, implementing smart grid technologies, and fostering innovation in energy storage and distribution. Panelists examined strategies to balance economic growth with environmental oversight, addressing challenges such as grid integration, policy harmonization, and workforce adaptation. By focusing on the unique strengths of each country, this discussion aims to chart a course for a more resilient and competitive North American energy landscape. Speakers: Sarah Birke, Mexico City Bureau Chief, The Economist Tania Ortíz-Mena, President, Sempra Infrastructure Jesus Carmona, President for Mexico and Central America, Schneider Electric Gregory Romero, Senior Vice-President, Mexico Natural Gas Pipelines, TC Energy Mauricio del Valle, CEO, Saavi Energy José Antonio Meade, Consultant, Emant Consultores

Hosted by the North Capital Forum This panel explored strategies for creating a more inclusive and equitable North America, ensuring that economic and social progress reaches all corners of the region. Experts discussed how to address disparities in development across the three countries, focusing on areas that have historically lagged behind. The conversation highlighted innovative economic development initiatives designed to uplift underserved communities and bridge gaps in prosperity. Panelists examined the unique challenges faced by specific regions in Canada, the United States, and Mexico, and propose collaborative solutions to foster balanced growth. A special focus was placed on the ongoing efforts in southeast Mexico as a case study, showcasing how targeted investments and policies can transform economically challenged areas into hubs of opportunity and innovation. Speakers: Maria Ariza, CEO, BIVA Sen. Mauricio Vila, Senator for Yucatán, Mexico Guadalupe Phillips, CEO, Empresas ICA Leonardo Robles, Vice-President and Chief Commercial Officer, Mexico Natural Gas Pipelines, TC Energy Juan Sebastian Gonzalez, Senior Advisor to the CEO, U.S. International Development Finance Corporation

Hosted by CDPQ + Bloomberg Linea The panel spotlighted the the evolving investment climate and financial ecosystems of North America, focusing on the evolving investment climate and financial ecosystems that support high-growth startups across the region and how North American capital markets and venture funding mechanisms are increasingly aligning to fuel the expansion of Mexican unicorns. Experts explored the challenges and opportunities for securing investment, the impact of cross-border funding strategies, and the potential for collaboration between North American entrepreneurs. Speakers: Jimena Tolama, NCF24 FELLOW; Editor in Chief, Bloomberg Línea Jorge López, Chairman, Millas para el Retiro Jordi Tasias, Managing Director, Private Equity and Managing Director, CDPQ Mexico Manuel Perez, Senior VP, Cabrera Capital Luis Gutiérrez, President for Latin America, Prologis; CEO, FIBRA Prologis Rubén Coppel, President, BanCoppel

Hosted by Asociación Fintech + Biva This panel explored the growth and opportunities within the sector, focusing on how it drives stock market expansion through innovation and fosters a more inclusive, sustainable financial industry. This panel addressed the growth and opportunities for the financial sector. Panelists discussed how innovation contributes to greater access to markets and building a financial health ecosystem, expanding accessibility to underserved populations and contributing to the growth of the stock market. As the financial sector in North America evolves rapidly due to technological advancements, the democratization of finance is becoming a reality. The accelerated growth of industries linked to nearshoring and digitization is not only transforming the financial landscape but also ensuring that more individuals and businesses can participate in and benefit from these changes, leading to an improved financial well-being for everyone. financial sector is rapidly evolving due to technological advancements and increased accessibility. The rise of nearshoring and digitization is transforming finance, broadening its impact, and significantly benefiting consumers. Speakers: Regina Reyes-Heroles, Journalist, Milenio María Ariza, CEO, Biva Felipe Vallejo, NCF24 FELLOW; CEO, Bitso Mexico; President, Asociación Fintech Mexico Susan Greenwell, SVP & Head, Global Government Relations, MetLife Shu Nyatta, Co-Founder & Managing Partner, Bicycle Capital

Hosted by InCyber This panel explored strategies for strengthening North America's digital security by bringing together perspectives from various industries, including the public and private sectors, academia, and trade. The discussion covered key issues like raising public awareness, fostering cross-border cooperation, and implementing robust security protocols to protect against evolving cyber threats in an increasingly complex digital landscape. Speakers: Diane Janosek, CEO, Janos LLC Cindy Rayo Zapata, Regional Director, Asociación Interamericana de Empresas de Telecomunicaciones (ASIET) Ram Krishnan, Professor, Electrical and Computer Engineering and Director; UTSA Institute of Cyber Security, University of Texas at San Antonio Adrian Peters, Chief Information Security Officer, Vista Equity Partners

Hosted by Nepanoa + Manifest This panel aims to address key challenges and create mutually beneficial solutions for enhancing trilateral commerce between the United States, Mexico, and Canada. Experts discussed how emerging technologies are revolutionizing supply chain management, increasing efficiency, and reducing costs across North America. The panel explored innovative approaches to mitigating risks and minimizing disruptions in cross-border trade, showcasing real-world applications of artificial intelligence, blockchain, and the Internet of Things (IoT) in logistics operations. The audience will gain valuable insights into how these technological advancements are reshaping the landscape of North American trade, fostering greater integration and competitiveness in the global market. Speakers: Pam Simon, EVP, Manifest Alberto Villarreal, Founder and CEO, Nepanoa; Advisory Council, USMF Francisco Sanchez, Partner, Holland & Knight Sandra Pupatello, NCF24 FELLOW; Former Minister of Economic Development and Trade, Canada; Board member of Martinrea International Deepak Chhugani, Founder and CEO, Nuvocargo

Hosted by UNHCR/ACNUR This panel explored the benefits of integrating refugees into the workforce, highlighting their contributions to economic growth and the resilience of North American cities. Refugees bring diverse perspectives, skills, and talents that enrich culture and boost economic vitality in their new communities. North America's embrace of refugees demonstrates its commitment to inclusivity, global stewardship, and human rights. Implementing supportive policies for those fleeing persecution and conflict can enhance regional stability and foster international collaboration. Speakers: Paola Barquet, Host and Broadcaster, Milenio Giovanni Lepri, Representante de ACNUR en México, UNHCR/ACNUR Dany Bahar, NCF24 FELLOW; Director of Migration, Displacement, and Humanitarian Policy, Center for Global Development Adriana Figueredo, Global Leader, Tertiary Refugee Student Network Luciana Gandini, Senior Researcher, UNAM