Mexico plans to offer regional content proposal for autos in NAFTA talks
Mexico will make a proposal for regional content features for autos at the next round of discussions to renegotiate NAFTA , a top level Mexican official reported 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 debts for engineering, research and development and other high-value work be taken into account when figuring out regional content for autos. Mexico acclaimed this as “innovative”, but Trump’s trade chief rejected it.