North American carmakers want rules of origin in NAFTA left untouched - Mexico lobby

[Eugene]

Source: Reuters

AUTOS | Mon May 22, 2017 | 7:38pm EDT

Exclusive: North American carmakers want rules of origin in NAFTA left untouched - Mexico lobby

By Anthony Esposito and Sharay Angulo | MEXICO CITY

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.

NAFTA's rules of origin, said Solis, have been key in creating value and integrating the auto industry in North America.

"In terms of access to markets and rules of origin, what we have is a shared position," said Solis.

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Read more: http://www.reuters.com/article/us-mexico-autos-exclusive-idUSKBN18I2OB?il=0

[msongs]

1. if one can see the US from the factory, should be ok to label product made in USA lol nt