The Significance Of Mexico To Automotive Industries In The US Automotive Industry In Mexico Pdf
Automotive industry in mexico pdfAs of the end of the previous year, the 3 nations that are a party to the NAFTA have not come to an agreement on the type that the updated guidelines of origin will take. A separate side agreement lays out a possible scenario in which the United States increases its standard most-favored nation” tariffs on autos, presently two.5 %. A possible new, unspecified rate would be applied to cars that do not meet the current or revamped NAFTA. Then-Guanajuato Gov. Vicente Fox, a pro-trade businessman who later became Mexico’s president, promoted creation of an automotive cluster to join the shoe market, mining and agriculture as economic drivers.
No wonder the talks to renegotiate NAFTA make progress in most chapters except for the automotive sector, exactly where the U.S. desires to change the guidelines of origin. In spite of a couple of dents to Mexico’s build …
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