Archives Auto Industry Relieved By Nafta 2.0 But Results May Be Mixed
Auto industry relieved by nafta 2.0 but results may be mixedAutomotive associations seek a North American agreement. Now, Canadian officials think the accomplishment of the NAFTA renegotiation, set to commence Aug. 16, hinges on Trump’s capability to claim a win on the auto front. And they believe the route to that victory lies in stricter labour and environmental standards to lessen Mexico’s low-wage advantage. As of this writing, the automotive industry in Mexico is in a state of uncertainty due to the approach of the renegotiation of the NAFTA.
Ross has mentioned that NAFTA’s guidelines of origin need tightening to avoid producers from outdoors the area to benefit from tariff-free access to the U.S. industry. He also has noted that autos now have several new electronic elements that have been not contemplated when the pact was negotiated in the early 1990s. chorus of automotive executives and sector groups warning that …
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