In fact we don't know whether NAFTA will even survive given the range of US demands, from new
auto content rules to a sunset clause to dismantling the dispute settlement process.
Not exact matches
Sources say the new
auto rules will result in a modest increase in the required
content from North America, slightly favouring companies that invest in research and pay higher wages.
Intelligence Memo Flashback: US NAFTA negotiators have amended their position on
content rules for the
auto industry.
Changing these «
rules of origin» levels to boost U.S. -
content requirements is a particularly big worry for Canada's
auto sector;
New
content rules in the TPP will make importing cars easier for foreign
auto makers.
Rules of origin, which determine the national source of each product, are additional issues, and especially affect the
auto sector as the US attempts to mandate increased American - made
content.
Another way of calculating the proportional reduction in the
content rule, is to consider the combined effect of the two thresholds. An
auto part can qualify as TPP - made with just 30 % TPP
content. A vehicle can qualify as TPP - made if 45 % of its
content originate within the TPP — including
auto parts which only had minority TPP
content in the first place. This «double jeopardy» effect means that the theoretical minimum regional
content for a finished vehicle to qualify for TPP trade preferences would be only 13.5 % (equal to 30 % of 45 %).
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