The 7th round of North American Free Trade Agreement talks have come to an end. One renegotiation sticking point involves automotive production and what is called the “country of origin” provision. Can U.S. demands be met? WGVU recently spoke with an automotive analyst and the Consul General of Canada to find out.
Under the rules of origin, Douglas George, Consul General of Canada explains NAFTA trade bloc partner products must contain 62.5 percent of regional content in order to qualify for no tariff.
“Which is the highest in any trade agreement in the world.”