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Trade Panel Sides With Canada and Mexico on Auto Manufacturing Rules

Started by Epoch-Times-Bot, Jan 11, 2023, 06:45 PM

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Epoch-Times-Bot

Trade Panel Sides With Canada and Mexico on Auto Manufacturing Rules

A dispute panel for the free trade agreement in North America has ruled in favour of Canada and Mexico in their interpretation of the rules for the production of automobiles.
The dispute pertained to the U.S. having a stricter interpretation of the rules that govern the quantity of parts sourced in North America that must end up in a vehicle for it to qualify for duty-free treatment under the Canada-United States-Mexico Agreement (CUSMA).
The rules state that North American-made cars need to contain a minimum of 75 percent regional parts.
Mexico and Canada argued that if a core part of the vehicle, such as the engine or the transmission, has 75 percent of regional content, the trade pact allows for that number to be rounded up to 100 percent when calculating the overall regional content contained in the product....

Source: Trade Panel Sides With Canada and Mexico on Auto Manufacturing Rules


xenzol

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xenzol

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