Mexico says panel should rule on auto dispute with U.S. by Q3

Reuters

MEXICO CITY -An arbitration panel looking at a Mexican complaint regarding U.S. interpretation of how free trade rules apply to the continental automotive industry should make a ruling by the third quarter of this year, Mexican Economy Minister Tatiana Clouthier said on Friday.

Canada on Thursday indicated that it would join Mexico in requesting a dispute settlement panel under the terms of the United States-Mexico-Canada (USMCA) trade pact.

“It’s not an expedited process, we will have results hopefully by the third quarter of this year,” Clouthier told Milenio Television.

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Mexico and Canada are also unhappy about proposed U.S. tax breaks for American-based manufacturers of electric vehicles. This, they say, could undermine the highly integrated North American auto industry.


(Reporting by Adriana BarreraWriting by Drazen Jorgic; Editing by Aurora Ellis)


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