Car industry groups urge caution in changing Nafta origin rules
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
CAR industry trade groups said on Wednesday that tightening the rules of origin in the North American Free Trade Agreement could be disruptive and hurt the competitiveness of US, Mexican and Canadian car plants.
Their testimony at a public hearing ahead of Nafta renegotiations, expected to start on Aug 17, contrasted sharply with frequent comments by US Commerce Secretary Wilbur Ross that the trade pact's local content rules are an area that needs strengthening to avoid being used as a "back door" for Chinese car parts.
Share with us your feedback on BT's products and services
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
