Mexico plans to suggest 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 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 suggested that bills for engineering, research and development and other high-value work be taken into account when computing regional content for autos. Mexico confirmed this as “innovative”, still Trump’s trade chief rejected it.