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Article: AUTO INDUSTRY PREPARES FOR ELIMINATION OF IMPORT TARIFFS UNDER NAFTA IN 2004.
- Article from:
- SourceMex Economic News & Analysis on Mexico
- Article date:
- February 5, 2003
CopyrightCOPYRIGHT 2003 Latin American Data Base/Latin American Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mexican automobile manufacturers are beginning to prepare for the opening of the motor-vehicle sector under the North American Free Trade Agreement (NAFTA). Provisions obligate Mexico to eliminate all or most tariffs on imports of new motor vehicles from the US and Canada, effective Jan. 1, 2004.
But the opening of the motor-vehicle sector is not expected to have the same impact on domestic production as the tariff elimination on agriculture products, which went into effect Jan. 1, 2003. A large cross section of Mexican agricultural producers continues to demand that President Vicente Fox's administration renegotiate certain sections of NAFTA to suspend ...