mexico Archive

  • MEXICO CITY -- The Mexican Auto Industry Association on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States. AMIA President Eduardo Solis said the rules of origin enshrined in the current North American Free Trade Agreement have been key in creating value and integrating the auto industries of Canada, the United States and Mexico. "Our position is to not touch the methodology or the rules of origin that have allowed this sector to be successful in the three countries," Solis said at an event in Mexico City. Under NAFTA, at least 62.5 percent of the material in a car or light truck made in the region must be from North America to be able to enter the marketplace tariff-free. U.S. President Donald Trump has proposed raising the amount of NAFTA content in autos to 85 percent and securing 50 percent of the total for the United States. Those demands..

    Mexico auto group rejects U.S. proposal on NAFTA rules of origin

    MEXICO CITY -- The Mexican Auto Industry Association on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States. AMIA President Eduardo Solis said the rules of origin enshrined in the current North American Free Trade Agreement have been key in creating value and integrating the auto industries of Canada, the United States and Mexico. "Our position is to not touch the methodology or the rules of origin that have allowed this sector to be successful in the three countries," Solis said at an event in Mexico City. Under NAFTA, at least 62.5 percent of the material in a car or light truck made in the region must be from North America to be able to enter the marketplace tariff-free. U.S. President Donald Trump has proposed raising the amount of NAFTA content in autos to 85 percent and securing 50 percent of the total for the United States. Those demands..
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  • Mexican finance minister Meade remarks crossing via Reuters

    Mexico fin min says he isn’t worried about the exchange rate – orderly

    Mexican finance minister Meade remarks crossing via Reuters
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  • Related Stories Industry resigned to life without NAFTA » U.S. NAFTA briefing offers little reassurance to business community UPDATED: 10/17/17 1:09 pm ET - new story WASHINGTON -- The ministers leading NAFTA negotiations are set to wrap up the latest round of high-level talks after Canada and Mexico rejected what they see as hardline proposals by the U.S. U.S. Trade Representative Robert Lighthizer, Mexican Economy Minister Ildefonso Guajardo and Canadian Foreign Minister Chrystia Freeland are meeting in Washington on Tuesday as battle lines form around contentious U.S. proposals to revamp the North American Free Trade Agreement. They will speak at a press conference together in the afternoon at the end of the fourth round of talks. Mexico and Canada have repeatedly and publicly rejected the U.S. demands on dairy, autos, dispute panels, government procurement and a sunset clause. Officials familiar w..

    Mexico, Canada reject U.S. NAFTA demands as talks wrap up

    Related Stories Industry resigned to life without NAFTA » U.S. NAFTA briefing offers little reassurance to business community UPDATED: 10/17/17 1:09 pm ET - new story WASHINGTON -- The ministers leading NAFTA negotiations are set to wrap up the latest round of high-level talks after Canada and Mexico rejected what they see as hardline proposals by the U.S. U.S. Trade Representative Robert Lighthizer, Mexican Economy Minister Ildefonso Guajardo and Canadian Foreign Minister Chrystia Freeland are meeting in Washington on Tuesday as battle lines form around contentious U.S. proposals to revamp the North American Free Trade Agreement. They will speak at a press conference together in the afternoon at the end of the fourth round of talks. Mexico and Canada have repeatedly and publicly rejected the U.S. demands on dairy, autos, dispute panels, government procurement and a sunset clause. Officials familiar w..
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  • CNBC report I mean, this isn't at all a surprise. Did anyone think they were going to? In any case, the headline sent CAD and MXN to the lows of the day.

    Mexico and Canada said to reject US NAFTA proposals

    CNBC report I mean, this isn't at all a surprise. Did anyone think they were going to? In any case, the headline sent CAD and MXN to the lows of the day.
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  • Mexico hedge guarantees export price of $46 per barrel An interesting look at flows in the oil market works is how Mexico hedges its oil production far in advance.

    Mexico has completed the 2018 oil ‘Hacienda hedge’

    Mexico hedge guarantees export price of $46 per barrel An interesting look at flows in the oil market works is how Mexico hedges its oil production far in advance.
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  • MEXICO CITY — Mexico has long been king of the cheap small car, at least on this side of the world. The original Volkswagen Beetle was made locally until the early 2000s, and the diminutive cars that replaced it helped fuel years of sales gains that culminated in a record 1.6 million auto deliveries last year. Likewise, Mexico has long been a reliable export platform for the no-frills Nissans and four-cylinder Fords whose slim U.S. margins are more easily met south of the border. But the auto industry here is outgrowing those stereotypes as it joins global trends on the showroom floor and the shop floor. A generation of new light trucks is being made and sold here, upending traditional notions of Mexico's place in the North American auto industry. The nation's success beyond the econoboxes that once defined its aspirations is fueling anxiety over the North American Free Trade Agreement — which President Donald Trump may eventually kill — even as it makes the regional trad..

    Mexico’s crossover production adds to trade tensions

    MEXICO CITY — Mexico has long been king of the cheap small car, at least on this side of the world. The original Volkswagen Beetle was made locally until the early 2000s, and the diminutive cars that replaced it helped fuel years of sales gains that culminated in a record 1.6 million auto deliveries last year. Likewise, Mexico has long been a reliable export platform for the no-frills Nissans and four-cylinder Fords whose slim U.S. margins are more easily met south of the border. But the auto industry here is outgrowing those stereotypes as it joins global trends on the showroom floor and the shop floor. A generation of new light trucks is being made and sold here, upending traditional notions of Mexico's place in the North American auto industry. The nation's success beyond the econoboxes that once defined its aspirations is fueling anxiety over the North American Free Trade Agreement — which President Donald Trump may eventually kill — even as it makes the regional trad..
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  • WASHINGTON -- The leaders of Mexico and Canada presented a united front for trade talks with Donald Trump, committing to continued trilateral negotiations after U.S. negotiators put forward a contentious proposal for a NAFTA "sunset clause." Enrique Pena Nieto and Justin Trudeau spoke Thursday night in Mexico City as the latest day of North American Free Trade Agreement talks concluded in Washington. After Trump mused Wednesday about breaking NAFTA into bilateral deals, his two counterparts called for the trade deal to be preserved and modernized and praised each other for aid provided during natural disasters. "As we move forward with renegotiations, we will continue to work toward our shared goal of a win-win-win agreement to ensure that the new provisions are fair and beneficial to all three countries involved," Trudeau said, adding he and Pena Nieto are "confident" the three countries can find a NAFTA "framework" to drive economic growth. The U.S. proposed its so-called sunset ..

    Canada, Mexico pledge trade unity as Trump threatens NAFTA

    WASHINGTON -- The leaders of Mexico and Canada presented a united front for trade talks with Donald Trump, committing to continued trilateral negotiations after U.S. negotiators put forward a contentious proposal for a NAFTA "sunset clause." Enrique Pena Nieto and Justin Trudeau spoke Thursday night in Mexico City as the latest day of North American Free Trade Agreement talks concluded in Washington. After Trump mused Wednesday about breaking NAFTA into bilateral deals, his two counterparts called for the trade deal to be preserved and modernized and praised each other for aid provided during natural disasters. "As we move forward with renegotiations, we will continue to work toward our shared goal of a win-win-win agreement to ensure that the new provisions are fair and beneficial to all three countries involved," Trudeau said, adding he and Pena Nieto are "confident" the three countries can find a NAFTA "framework" to drive economic growth. The U.S. proposed its so-called sunset ..
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  • Related Stories Mexico expects rough round of NAFTA talks » First Shift: Can U.S. avert a NAFTA deal-breaker? WASHINGTON -- U.S. President Donald Trump said on Wednesday he would be open to doing a bilateral trade deal with Canada but not Mexico if talks between the three countries over the North American Free Trade Agreement fall apart. Asked by a reporter if he would make a trade pact with Canada if he cannot reach agreement with Mexico in the NAFTA negotiations, Trump said: "Oh sure, absolutely. It's possible we won't be able to reach a deal with one or the other, but in the meantime we'll make a deal with one." Trump was speaking in the Oval Office beside Canadian Prime Minister Justin Trudeau, who is trying to convince the U.S. president of NAFTA's merits as a new round of renegotiations began on Wednesday near Washington. The U.S. Chamber of Commerce on Tuesday accused Trump's a..

    Trump could envision U.S. trade deal with Canada without Mexico

    Related Stories Mexico expects rough round of NAFTA talks » First Shift: Can U.S. avert a NAFTA deal-breaker? WASHINGTON -- U.S. President Donald Trump said on Wednesday he would be open to doing a bilateral trade deal with Canada but not Mexico if talks between the three countries over the North American Free Trade Agreement fall apart. Asked by a reporter if he would make a trade pact with Canada if he cannot reach agreement with Mexico in the NAFTA negotiations, Trump said: "Oh sure, absolutely. It's possible we won't be able to reach a deal with one or the other, but in the meantime we'll make a deal with one." Trump was speaking in the Oval Office beside Canadian Prime Minister Justin Trudeau, who is trying to convince the U.S. president of NAFTA's merits as a new round of renegotiations began on Wednesday near Washington. The U.S. Chamber of Commerce on Tuesday accused Trump's a..
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  • Mexico auto industry officials are bracing for hardball proposals from U.S. trade negotiators in the latest round of talks to revise the North American Free Trade Agreement starting Wednesday in Washington. After three rounds of negotiations that focused on easier issues, such as bringing small business into the pact, the U.S. is expected to propose measures that would increase American-made content in manufactured goods. President Donald Trump has accused Mexico of using low wages to draw manufacturing jobs away from its neighbors and has demanded that the pact, which went into effect in 1994, be rewritten to create more of those jobs in the U.S. An expected U.S. proposal on so-called rules of origin would require manufactured goods to have a higher percentage of content made within the trade bloc in order to qualify for tariff-free status. For example, finished autos now must have 62.5 percent of their parts made within North America in order to move freely among the three nation..

    Mexico expects rough round of NAFTA talks

    Mexico auto industry officials are bracing for hardball proposals from U.S. trade negotiators in the latest round of talks to revise the North American Free Trade Agreement starting Wednesday in Washington. After three rounds of negotiations that focused on easier issues, such as bringing small business into the pact, the U.S. is expected to propose measures that would increase American-made content in manufactured goods. President Donald Trump has accused Mexico of using low wages to draw manufacturing jobs away from its neighbors and has demanded that the pact, which went into effect in 1994, be rewritten to create more of those jobs in the U.S. An expected U.S. proposal on so-called rules of origin would require manufactured goods to have a higher percentage of content made within the trade bloc in order to qualify for tariff-free status. For example, finished autos now must have 62.5 percent of their parts made within North America in order to move freely among the three nation..
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  • Mexican foreign minister says end of NAFTA would be breaking point in Mexican relationship with United States, would affect bilateral cooperation in other areas Headlines via Reuters

    NAFTA comments from Mexico’s foreign minister – end would be a breaking point

    Mexican foreign minister says end of NAFTA would be breaking point in Mexican relationship with United States, would affect bilateral cooperation in other areas Headlines via Reuters
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