Mexico plans to offer regional content proposal for autos in NAFTA talks
Mexico will make a proposal for regional content features for autos at the next round of talks 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 proposed that financial obligations for engineering, research and development and other high-value work be taken into account when figuring out regional content for autos. Mexico praised this as “innovative”, yet Trump’s trade chief rejected it.