- Title: N. American carmakers want rules of origin in NAFTA left untouched - Mexico lobby
- Date: 23rd May 2017
- Summary: MEXICO CITY, MEXICO (MAY 22, 2017) (REUTERS) LOGO OF THE MEXICAN AUTOMOBILE INDUSTRY ASSOCIATION (AMIA) ON HEADQUARTERS PARKING AREA OF AMIA HEADQUARTERS AMIA PRESIDENT, EDUARDO SOLIS, COMING INTO OFFICE WITH EMPLOYEE FOLLOWING GENERAL VIEW OF INTERVIEW BETWEEN REUTERS JOURNALISTS AND SOLIS (SOUNDBITE) (Spanish) AMIA PRESIDENT, EDUARDO SOLIS, SAYING: "Our position is that the trade agreement has been a success, and we shouldn't be touching something as important as the rules of origin." SOLIS SPEAKING TO JOURNALISTS (SOUNDBITE) (Spanish) AMIA PRESIDENT, EDUARDO SOLIS, SAYING: "If you consult with the (car) industry in the United States, they hold the same position as ours, that rules of origin that we have today undoubtedly represents and reflects an integration mechanism that is very important and which has created value in North America. There is no other position on the table right now." SOLIS TALKING TO MALE JOURNALIST AS FEMALE JOURNALIST CHECKS HER PHONE (SOUNDBITE) (Spanish) AMIA PRESIDENT, EDUARDO SOLIS, SAYING: "If there are elements promote our own (production) chains, then I think the three countries will be in agreement. I think elements such as facilitating customs are important between the three countries. This is an issue that we should work on." JOURNALISTS AND SOLIS AT END OF INTERVIEW
- 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: LVA0016I24ZSZ
- 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. - Copyright Holder: REUTERS
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