Mexico is celebrating its support in a complaint filed against the U.S. for its interpretation of the rules of origin in the automotive industry. On Thursday, Canada announced its intention to join Mexico’s complaint.
In a Thursday statement, Trade Minister Mary Ng announced it has joined Mexico’s complaint against the United States, said Mexico’s Secretary of the Economy, Tatiana Clouthier.
Last month, Mexico requested a dispute resolution panel under the terms of the trade pact between the United States, Mexico and Canada to clear up disagreements over how to apply automotive sector content requirements under the treaty.
The CUSMA, which replaced the North American Free Trade Agreement (NAFTA) in July 2020, says 75 per cent of a vehicle’s components must originate in the three nations to qualify for tax-free status, up from 62.5 per cent under NAFTA.
On December 2, Mexico made the complaint against the United States threatening “all kinds of commercial retaliation” if they approve tax credits for electric vehicles manufactured there since only 50 percent of the battery parts originate in the United States.
“The interpretation that the United States adopted … is inconsistent with CUSMA and the understanding shared by the parties and stakeholders throughout the negotiations,” Ng said in a statement.
The Yucatan Times
more recommended stories
Mérida and New Orleans ratify their twinning
With the ratification of the twinning.
New Hospital O’Horán in Mérida: authorities confirm the date to announce the tender
Next Tuesday, June 8, the name.
Mauricio Vila reviews the latest details of the ‘La Plancha’ project
After managing the use of the.
Fatal accidents involving motorcyclists increase in Yucatan
Freddy Cetina Amaya, leader of the.
Yucatan is the state with the highest index of peace in all of Mexico
For having the lowest rates at.
Yucatan is present at the Tianguis Turístico 2022
Governor Mauricio Vila Dosal attended the.
Influenza season ends with six deaths in Yucatan
The 2021-2022 seasonal influenza season concluded.
IMSS Yucatan makes a public recognition to Nursing Staff
The Mexican Institute of Social Security.
A woman is crushed to death when a tree falls on top of her car on the Mérida-Valladolid highway
A strange accident happened on Thursday,.
Face-to-face courses return to La Ibérica de Mérida; they will celebrate a big event on Sunday
On Sunday, May 22, the Centro.