MEXICO CITY (Reuters) – The leader of one of Mexico’s top business lobbies said on Thursday the private sector was open to discussing rules of origin for autos produced in North America, a major sticking point in talks to renegotiate the NAFTA trade pact.
A U.S. proposal put forward in October to increase the minimum regional content for autos, and mandate that half of all auto content come from the United States, met with stiff resistance from the car industry, Mexico and Canada.
Mexico - Counterproposal - Autos - Industry - Stance
Mexico has said it would put forward a counterproposal on autos, though the industry has maintained a tough stance against the plan of U.S. President Donald Trump’s administration in the run-up to the next round of talks in Montreal toward the end of January.
Speaking in Mexico City, Juan Pablo Castanon, president of the Consejo Coordinador Empresarial, the umbrella group representing Mexican private...
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