Mexico City / 03.08.2021 02:40:56
The interpretation of the automotive rules of origin that the United States carried out differently from Mexico, in the context of the T-MEC trade agreement, may put companies established in our country in compliance problems, said the Undersecretary of Foreign Trade, Luz Maria de la Mora.
In an interview with MILLENNIUM, the representative of the Ministry of Economy pointed out that on the trip to Washington, where secretary Tatiana Clouthier met with various officials from EU, raised the interest of Mexico that what was negotiated in the treaty be applied, and that there are no erroneous interpretations.
De la Mora noted that “not recognizing flexibilities may represent a greater challenge for companies and instead of generating a more competitive industry that can really strengthen the regional chain, we may be entering a straitjacket that makes it very difficult for companies to companies can comply ”.
“We are putting additional costs on them, we are introducing greater restrictions, and that will require companies to have or plan their supply in the region differently,” he said.
He commented that in meetings with EU, the Mexican government insisted that it is important to continue working on this problem at a technical level, in order to analyze how differences in interpretation can be overcome, so it said that the secretary Clouthier has this issue high on the agenda.
He explained that there are still no estimated effects on the automotive sector due to this misinterpretation of EU, since the regional content value (VCR) that must be fulfilled in the T-MEC has a transition period of three years to reach the 75 percent established by the new agreement
“We are talking about a transition period to reach 75 percent, then we work so that when we reach 75 percent we have that flexibility that is contained in the negotiation so that the shipowners can benefit from that same methodology,” he said. De la Mora.