© Reuters. FILE PHOTO: Mexican Economy Minister Tatiana Clouthier gestures during an interview with Reuters in Mexico City, Mexico, on January 11, 2021. REUTERS/Dave Graham
By Sharay Angulo
MEXICO CITY (Reuters) -Mexico and the United States have started the process to request formal consultations on rules of origin for the auto sector within the United States-Mexico-Canada Agreement (USMCA) trade pact, Mexican Economy Minister Tatiana Clouthier said Tuesday.
In August, Mexico sought formal consultation https://www.reuters.com/business/autos-transportation/mexico-wants-talks-with-united-states-over-auto-content-rules-trade-pact-2021-08-21 with the United States over the interpretation and application of tougher content rules for autos.
“We’re walking hand-in-hand with Canada on this issue,” Clouthier said during a video conference from Sorrento, Italy, when asked about the status of the process.
“We’re in the process of the consultation itself.”
Canada and Mexico use more flexible interpretations.
Source: Investing.com
