Investing.com - Financial Markets Worldwide
Get 50% Off
🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Pacific trade partners make progress on autos hurdle

Published 2015-09-30, 09:49 p/m
© Reuters. Pacific trade partners make progress on autos hurdle

WASHINGTON, Sept 30 (Reuters) - Negotiators trying to clinch
a Pacific Rim free trade deal made progress toward resolving a
key issue on Wednesday when Canada and Mexico signaled a
willingness to open the North American auto market to more parts
made in Asia, people briefed on the closed-door talks said.
The Trans Pacific Partnership, or TPP, which seeks to cut
trade barriers and set common standards among a dozen nations
reaching from Japan to Chile, has become snared over a small set
of issues, including trade in autos and auto parts, since July.
Officials from Mexico and Canada were aiming for a
45-percent threshold for local content on vehicles, two people
briefed on the talks said.
If part of a final trade deal, that would mean the majority
of the vehicle could be sourced from outside the 12 countries
participating in the TPP and still be sold in the United States
- the bloc's largest market - without tariffs.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.