Mexico and Canada the 'Winners' of the USMCA Automotive Panel
International Trade and Arbitration attorney Carlos Véjar was interviewed by El Financiero about the recent opinion issued by the United States-Mexico-Canada Agreement (USMCA) automotive panel. Based on the text of the Agreement as well as the defined regulations, the position of the United States was incorrect, which benefits Mexico and Canada. The dispute arose as a result of the different interpretations of the countries on how to calculate the percentage of a vehicle that comes collectively from the three countries under the USMCA. Mr. Véjar commented on the possible ways the U.S. could respond to the decision.
"We will have to wait to find out what the position of the U.S. government will be before thinking about such a possibility," he said.