Mexico’s Economics Minister, Ildefonso Guajardo, has stated that for the forthcoming NAFTA talks to succeed “strengthened rules of origin in regional automotive content” are needed. That should be taken as a softening of the Mexican stance ahead of the make-or-break negotiations due on January 23. Rather it is a realism that automotive technology has changed significantly since NAFTA started in 1989. The rise of hybrid vehicles, and future proofing for electric vehicles, are prime examples of the need for change. All Mexican-based auto-manufacturers face disruption from the changes, thou...
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