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Canada and Mexico in logjam over Japanese autos

Thursday, August 6, 2015

Canada and Mexico are joining forces to try to break a major logjam over Japanese autos at the Trans-Pacific Partnership talks, working to come up with a solution that preserves their respective vehicle assemblers and parts makers should a deal open North America to greater Asian imports.

Ottawa and Mexico City have been drawn deeply into a contentious issue at the Pacific Rim talks that held up a deal in Hawaii last week: How much of an automobile must be manufactured within the 12 participating countries to avoid hefty import tariffs inside this proposed trade zone.

Source: Globe and Mail