“It’s the restoration – or at least the beginning – of an attempt to restore the trilateral meetings that were happening before the Trump administration decided that it was not interested in anything trilateral or multilateral,” said Tony Payan, director of the Center for the United States and Mexico at the Baker Institute.

“It’s taking up where the Obama administration left off and that is trying to put a frame around the regional partnership between the US, Canada and Mexico,” Payan told Al Jazeera.

But analysts say tensions over economic policies put in place under Trump, immigration, and a Mexican energy bill, could weigh heavily on the talks.

While the meeting aims to further joint economic cooperation, both Canada and Mexico are worried about Biden’s ‘Buy American’ provisions and a proposed electric vehicle tax credit that would favour unionised, US-based manufacturers.

“This is a difficult situation because the Biden administration is now willing to subsidise chip manufacturing in the US, electric cars, incentivise buy and hire American – in that way the Biden administration is a little bit of a continuity of the Trump administration,” Payan said.

The US is the top trade partner for both Mexico and Canada, and cars and trucks are the most-traded manufactured commodity between the three, said Colin Robertson, an ex-Canadian diplomat, now at the Canadian Global Affairs Institute think-tank.

“The North American automotive industry is deeply integrated and competing as a bloc in the manufacture of a world-class e-vehicle [EV] and battery industry makes good economic sense for all three countries,” Robertson told the Reuters news agency.

Both Canada and Mexico want a level playing field as they compete to lure companies to set up plants for the EV supply chain.

But Biden’s social spending and climate bill being considered in Congress includes up to $12,500 in tax credits for US-made EVs, including a $4,500 credit for union-made vehicles.