Mexico is going to offer regional content proposal for autos in NAFTA talks
Mexico will make a proposal for regional content obligations for autos at the next round of talks to renegotiate NAFTA , a top ranking Mexican official told me on Wednesday. “Moving the rule significantly would mean big changes in costs,” he said.
At the latest round of negotiations in Montreal, Canada proposed that expenses for engineering, research and development and other high-value task be taken into account when figuring out regional content for autos. Mexico praised this as “innovative”, though Trump’s trade chief rejected it.
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