Mexico to table counter proposal on US Nafta auto demand

Mexico will be taking a counter proposal on a controversial US suggestion about auto rules of origin to Nafta talks in Washington when they resume on May 7 and says an agreement in principle on updating the pact is possible within a couple of weeks.

“We will be taking a position answering the US proposal. We’ll be proposing elements that enable us, in accordance with what we hear this week to give viability” to a deal, Ildefonso Guajardo, Mexico’s economy minister said.

Source: Financial Times