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Managing Automotive

U.S. carmaker lobby wants rules of origin left intact in NAFTA talks

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U.S. carmaker lobby wants rules of origin left intact in NAFTA talks

A powerful U.S.-based automakers group said that it favors keeping rules of origin intact in the North American Free Trade Agreement (NAFTA), echoing comments from its Mexican counterpart. 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. "We believe the NAFTA rule of origin, which establishes the highest threshold of any free trade agreement the U.S. has ever negotiated, should remain intact," Annemarie Pender, spokeswoman for the Association of Global Automakers, told Reuters.

[Reuters]

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