• Live
    • Audio Only
  • google plus
  • facebook
  • twitter
News > World

Country-Specific Rules of Origin in NAFTA Unacceptable: Mexico

  • Mexico's Economy Minister Ildefonso Guajardo attends a meeting of the ''Alianza del Pacifico'' (Pacific Alliance) in Vina del Mar, Chile, March 14, 2017.

    Mexico's Economy Minister Ildefonso Guajardo attends a meeting of the ''Alianza del Pacifico'' (Pacific Alliance) in Vina del Mar, Chile, March 14, 2017. | Photo: Reuters

Published 18 March 2017
Opinion

A NAFTA renegotiation has been a source of tension between the U.S. and Mexico.

Country-specific rules of origin within the North American Free Trade Agreement (NAFTA) would be "totally unacceptable", Mexico's Economy Minister Ildefonso Guajardo said on Friday.

Under the trilateral trade deal between the United States, Mexico and Canada, rules of origin can specify that products must meet minimum regional (NAFTA-wide) content requirements to be tariff-free, but there are no national content requirements.

Talks to renegotiate NAFTA should move ahead regardless of the timetable for U.S. tax reform, Guajardo told reporters at an event in the northern Mexican city of Monterrey.

Tags

newsbrief Mexico US & Canada NAFTA Trade

Reuters
by teleSUR
Comment
0
Comments
Post with no comments.