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