Canada will join Mexico in how the US can formally compete Explains the rules governing the appearance of vehicle parts Within the framework of the Tripartite Trade Agreement between the countries.
According to the agreement between the United States, Mexico and Canada, the country will join Mexico in seeking to establish a panel of experts to adjudicate the matter. D-MEC, In a statement issued by the Minister of Commerce of Canada, Mary Ng. Mexico formally submitted the request last week.
The move is an extension of Canada’s earlier claim that it was overseeing talks on the issue between the United States and Mexico. Bloomberg News He was the first to announce Canada’s plans to take part in the controversy last month.
The conflict centered on discrepancies in how to calculate the percentage of vehicles coming together from all three countries. Both Mexico and Canada believe the trade agreement imposes tax-free shipping More parts produced in the region should be calculated than the United States would like to allow.
Ng said in the statement that the US interpretation was contrary to the terms of the trade agreement and was “a shared understanding between the parties and the partners throughout the negotiations”, which led to the renewal of the talks in 2017 and 2018. North American Trade Agreement.
Mexico celebrates Canada’s decision to join Autos Group.
“I welcome Canada’s decision to join the panel request we put forward on January 6 regarding the interpretation of the emerging rules in the automotive sector that we have with the United States.”Mexico’s Economic Secretary Tatiana Glutier said on Twitter.
He added that the two countries would safeguard the competitiveness of the automotive sector in the region.
Cluthier announced Friday that he has COVID-19 but continues to work from home.
That was questioned by Mexico and Canada Tax incentives promoted by the Joe Biden government, Proposing to buyers of an electric car with 50% parts made in the United States between USD 7,500 and USD 12,500.
Andres Manuel Lopez Obrador and Mexican industrialists considered the grant a breach of the agreement between Mexico, the United States and Canada (T-MEC), which has been in effect since July 2020.
Prime Minister of Canada Justin Trudeau, Threatened by customsBut he also suggested that US lawmakers should include Canadian vehicles in Pitton’s benefits.
Nevertheless, the Ministry of Economy highlighted the coincidence between Cluthier and NG.
“Both agreed on the importance of respecting the promises made in the United States D-MEC”Concluded the report.
Incentives are particularly relevant in Mexico, where the automotive industry represents 4% GDP (GDP) 25% of Mexico and its exports, according to data from the Ministry of Economy.
In addition, 80% of Mexican vehicles are sold to the United States.
In this context, the Undersecretary of State for Foreign Affairs, Luc Maria de la Mora, said in an interview. Efe Mexico is “seriously considering” imposing taxes on the United States.
With information from EFE and Bloomberg
“Devoted music specialist. Student. Zombie trailblazer. Internetaholic. Food geek.”