The Panel constituted in accordance with the Mexico-United States-Canada Treaty (T-MEC) released on Wednesday (11.01.2023/2021/XNUMX) the Final Report on the interpretation of the rules of origin in the agreement. According to the resolution of this trade dispute, initiated in August XNUMX, the methodology used by Washington was different from that of its partners.
"According to its resolution, the panel determined that the USMCA allows vehicle manufacturers to consider the essential parts of a finished vehicle (engine, transmission, body, etc.) as originating, once, separately, said auto parts have complied with the minimum percentage of regional content (75%), using the alternative methodologies established by the same treaty," the Ministry of Economy stated in a brief statement.
He explained that "In the coming days, Mexico will begin a process of dialogue and cooperation with its trading partners to address the final report."
On January 6, 2022, the Mexican government submitted a request for the establishment of a panel to examine the automotive sector's rule of origin, to which Canada joined as a co-complainant on January 13 of that year. The panel published its final report on Wednesday, ruling in favor of Mexico and Canada.
It is worth remembering that the USMCA, valid since July 2020, replaced the North American Free Trade Agreement (NAFTA), which had been in force since 1994, modernizing aspects such as labor and digital trade standards, as well as stricter regional automotive rules of origin.Press release from the Ministry of Economy)
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