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U.S. lowers NAFTA key auto content demand: Mexico auto lobby
Source: Reuters
BUSINESS NEWS APRIL 13, 2018 / 11:37 AM / UPDATED 36 MINUTES AGO
U.S. lowers NAFTA key auto content demand: Mexico auto lobby
Reuters Staff
2 MIN READ
MEXICO CITY (Reuters) - U.S. trade negotiators have reduced their demand for regional auto content under a reworked NAFTA trade deal to 75 percent from the 85 percent they had sought, the head of Mexico’s automotive industry association (AMIA), said on Friday.
“The U.S. put on the table 75 percent instead of 85 percent for the regional content value of the vehicle and its core components,” AMIA president Eduardo Solis said in a statement.
“All of this is being carefully analyzed and specific questions are being asked during this round of the U.S. negotiators (in charge of) rules of origin.”
AMIA has argued it would be difficult to meet an increase in the regional content requirement, the threshold that cars must meet so they can qualify to be sold in North America tariff-free, to 85 percent from its current 62.5 percent.
-snip-
U.S. lowers NAFTA key auto content demand: Mexico auto lobby
Reuters Staff
2 MIN READ
MEXICO CITY (Reuters) - U.S. trade negotiators have reduced their demand for regional auto content under a reworked NAFTA trade deal to 75 percent from the 85 percent they had sought, the head of Mexico’s automotive industry association (AMIA), said on Friday.
“The U.S. put on the table 75 percent instead of 85 percent for the regional content value of the vehicle and its core components,” AMIA president Eduardo Solis said in a statement.
“All of this is being carefully analyzed and specific questions are being asked during this round of the U.S. negotiators (in charge of) rules of origin.”
AMIA has argued it would be difficult to meet an increase in the regional content requirement, the threshold that cars must meet so they can qualify to be sold in North America tariff-free, to 85 percent from its current 62.5 percent.
-snip-
Read more: https://www.reuters.com/article/us-trade-nafta/u-s-lowers-nafta-key-auto-content-demand-mexico-auto-lobby-idUSKBN1HK2A3
