Mexico

Mexico: Country-specific Rules of Origin in NAFTA Unacceptable

FILE - Ildefonso Guajardo Villarreal, Mexico's Secretary of the Economy, speaks at the Economic Club of Detroit, March 3, 2017.
FILE – Ildefonso Guajardo Villarreal, Mexico’s Secretary of the Economy, speaks at the Economic Club of Detroit, March 3, 2017.

MONTERREY, MEXICO —

Country-specific rules of origin within the North American Free Trade Agreement (NAFTA) would be “totally unacceptable,” and a U.S. border adjustment tax would likely violate global trade rules, Mexico’s economy minister said Friday.

Under the trilateral trade deal between the United States, Mexico and Canada, rules of origin can specify that products must meet minimum regional (NAFTA-wide) content requirements to be tariff-free, but there are no national content requirements.

“In no trade deal, whether bilateral, trilateral…

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