Nafta automotive industry mexicoAutomotive associations seek a North American agreement. NAFTA was very first signed by President George H.W. Bush in 1992, ratified, signed once again by President Bill Clinton in 1993 and came into force in 1994. Essentially, it established a free trade area among Mexico, Canada and the US by cutting tariffs and customs barriers with the purpose of producing organizations in these regions globally competitive. Of all the industries it benefited, automotive was one particular of the biggest.

A Friday deadline set by the Trump administration to strike a deal renegotiating NAFTA came and went, with talks set to resume this week. One region of the trade deal concerns automobiles, which are manufactured by way of a complicated net of components suppliers and staff in Canada, the U.S. and Mexico. Paul Eisenstein is publisher of It’s a internet site that covers the auto sector. And he joins … READ MORE ...