Mexico prepares to offer regional content proposal for autos in NAFTA talks
Mexico will make a proposal for regional content requirements for autos at the next round of discussions to renegotiate NAFTA , a high level Mexican official explained 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 bills for engineering, research and development and other high-value task be taken into account when calculating regional content for autos. Mexico acclaimed this as “innovative”, but Trump’s trade chief rejected it.