The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American free-trade agreement (NAFTA), the president of the Mexican automakers’ association said on Monday.
Under the trade deal between the United States, Mexico and Canada, rules of origin stipulate that products must meet minimum regional, or NAFTA-wide, content requirements to be tariff-free.
“Our position is that the trade agreement has been a success, and we shouldn’t be touching something as important as the rules of origin,” Eduardo Solis, president of Mexican automakers’ industry group AMIA, told Reuters in an interview.
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