Mexico plans 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 top ranking Mexican official stated 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 expenses for engineering, research and development and other high-value task be taken into account when calculating regional content for autos. Mexico confirmed this as “innovative”, though Trump’s trade chief rejected it.