NAFTA auto rules of origin talks bog down

Talks to update automobile rules of origin as part of the renegotiation of the North American Free Trade Agreement (NAFTA) bogged down, a Mexican expert said on Tuesday, reports Xinhua from Mexico City.

“There is no agreement on the rules of origin, there has been no meeting, there has been no movement,” said Eduardo Solis, the president of the Mexican Automobile Industry Association (AMIA).

“At this moment, the NAFTA negotiations are not moving,” he told a press conference.

While the three NAFTA partners—Mexico, Canada and the United States—have made headway in many other aspects of the trade deal, there has been no consensus on the rules that cap the amount of foreign-made parts for a vehicle made in North America and eligible for preferential tariffs, he said.

 

NAFTA auto rules of origin talks bog down

Talks to update automobile rules of origin as part of the renegotiation of the North American Free Trade Agreement (NAFTA) bogged down, a Mexican expert said on Tuesday, reports Xinhua from Mexico City. There is no agreement on the rules of origin, there has been no meeting, there has been no movement, said Eduardo Solis, the president of the Mexican Automobile Industry Association (AMIA). At this moment, the NAFTA negotiations are not moving, he told a press conference. While the three NAFTA partnersMexico, Canada and the United Stateshave made headway in many other aspects of the trade deal, there has been no consensus on the rules that cap the amount of foreign-made parts for a vehicle made in North America and eligible for preferential tariffs, he said.