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

© Reuters. Mexican Economy Minister Tatiana Clouthier gestures during an interview with Reuters in Mexico City, Mexico, on January 11, 2021. REUTERS/Dave Graham

MEXICO CITY (Reuters) -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.

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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.