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Posts Tagged ‘NAFTA’

Sector de autopartes mexicano exige fortalecer el TLCAN | T21

February 2, 2017 Leave a comment

http://t21.com.mx/automotriz/2017/02/01/sector-autopartes-mexicano-exige-fortalecer-tlcan

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About 75% of the auto parts produced in Mexico are destined for some US automotive plant. “We need to strengthen the North American Free Trade Agreement (NAFTA),” he said on  Wednesday.” This is the degree of integration between the two countries in this industry and will weigh in the next trade renegotiation, The President of the National Auto Parts Industry (INA), Óscar Albin, who set the position of his sector during his participation in Automotive Logistics Mexico.

The leader of auto parts companies justified that all regional blocks have their countries of low Cost for production, such as North America with Mexico, Western Europe to Eastern Europe, Japan to China, Thailand, Malaysia and South Korea.

Developed countries take advantage of both the low cost of production as well as cheap labor and low Import tariffs.
(In addition) it must be assumed that there is a shortage of direct labor in the United States. Not many people want to work in different factories. They really need a low-cost country to take care of these functions, “he said.

Currently in Mexico the auto parts sector employs about 750 thousand people, while in automotive manufacturers about 75 thousand, according to INA.
Albin data commented That in the renegotiation it should be considered to increase the percentage of regional content in automobile manufacturing, currently 62% considered in the NAFTA, and there is a margin to increase it to 70 or 75 percent.

Albert Zapanta, President of the Chamber of Commerce Mexico-US Trade, commented that it is gathering information regarding the importance of the automotive industry, to present it to the presidents of Mexico and the United States, as well as to its congresses, in May. Will lead as a banner of this extensive relationship that has been built in the last 23 years in the automotive industry is the supply chain, manufacturing, transportation and infrastructure.

Donald Trump, President of the United States, has said that plans to establish a border tax For the companies of the sector that install their investments in other countries, like, Mexico, and look for to introduce its units to the neighbor of the north. But Zapanta said calm in this point. “Trump loves to negotiate, fan ideas and then negotiate.”

INTERNAL DIALOGUE INITIATIVE

On this day, the Mexican government led by the Foreign and Economic Secretariats, started a process of consultation with private sector and other relevant stakeholders for a period of 90 days, which will continue on a permanent basis once the negotiation begins,in order to establish the parameters that will guide the review and deepening of the NAFTA. ” The consultation in Mexico begins simultaneously with the one that the US Government will carry out internally to its own effects,”said both agencies in a joint press release. During the consultation, there will be an active participation of the Senate of the Republic, according to the powers that correspond to it in matters of foreign policy.

 

Watch “Mexico favourite territory to invest | Cancel NAFTA is not easy | Scary week for the Mexican economy” on YouTube

January 31, 2017 Leave a comment

Mexico’s leading exports

November 4, 2014 Leave a comment

NAFTA and the Future of Canada, Mexico and the United States

February 3, 2014 Leave a comment

There is little question that North America, by this definition, has been blessed by geography. There are only three countries in an area more than twice the size of Europe.

via NAFTA and the Future of Canada, Mexico and the United States.

Global Trade

October 18, 2013 Leave a comment

Mexico-China

September 11, 2013 Leave a comment

MexBizNews | China offered $300 billion in infrastucture deals http://www.mexbiznews.com/china-offered-300-billion-infrastucture-deals

Mexico news

May 17, 2013 Leave a comment