- Title: N. American carmakers want rules of origin in NAFTA left untouched - Mexico lobby
- Date: 23rd May 2017
- Summary: SAN JOSE CHIAPA, PUEBLA, MEXICO (FILE) (REUTERS) EMPLOYEES IN PRODUCTION LINE EMPLOYEES WORKING AS CARS MOVE ALONG PRODUCTION LINE EMPLOYEES REVISING CARS MOVING ALONG PRODUCTION LINE CARS MOVING ALONG PRODUCTION LINE EMPLOYEE CHECKING PIECES ON CAR CAR MOVING ALONG OVERHEAD PRODUCTION LINE AGUASCALIENTES, MEXICO (FILE) (REUTERS) EMPLOYEE GETTING INTO CAR ON PRODUCTION LINE EMPLOYEE WORKING UNDER BONNET OF CAR CARS WAITING IN PRODUCTION LINE
- Embargoed: 6th June 2017 01:23
- Keywords: NAFTA USA trade rules of origin Canada President Donald Trump automobile Mexico Mexican Automobile Industry Association cars
- Location: MEXICO CITY; SAN JOSE CHIAPA, PUEBLA; AGUASCALIENTES, MEXICO
- City: MEXICO CITY; SAN JOSE CHIAPA, PUEBLA; AGUASCALIENTES, MEXICO
- Country: Mexico
- Topics: Government/Politics,International Trade
- Reuters ID: LVA0026I24ZSZ
- Aspect Ratio: 16:9
- Story Text: The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement (NAFTA), the president of the Mexican automakers' association said on Monday (May 22).
Under the trade deal between the United States, Mexico and Canada, rules of origin stipulate that products must meet minimum regional, or NAFTA-wide, content requirements to be tariff-free.
NAFTA's rules of origin have been key in creating value and integrating the auto industry in North America, the President of the Mexican Automobile Industry Association (AMIA), Eduardo Solis told Reuters.
Mexico boasts plants owned by global automakers including General Motors Co, Ford Motor Co, Fiat Chrysler Automobiles and Volkswagen AG.
The administration of U.S. President Donald Trump on Thursday triggered a 90-day consultation period with Congress, industries and the American public that would allow talks over NAFTA, one of the world's biggest trading blocs, to begin by August 16.
Authorities and businesses in Mexico have been bracing for the looming renegotiation, as Trump has insisted that a new pact must be more beneficial to American workers and companies.
Mexico's booming auto sector has been a clear beneficiary of NAFTA as a wide range of international automakers have made Latin America's second biggest economy a key export hub, attracted by cheap labour costs and free trade accords with dozens of nations.
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