Business · Trade · 3 hrs ago

USMCA review could tighten origin rules for key Bajío industries

USMCA review could tighten origin rules for key Bajío industries

Mexican customs representatives say the USMCA review could tighten rules on where products are made.

The changes could affect the automotive, steel and textile industries in the Bajío region, including Querétaro.

Rules of origin determine how much of a product must come from countries in the trade agreement to qualify for its benefits.

The customs group also expects pressure to meet rules in areas such as labour, intellectual property and the environment.

The review matters because the USMCA is used for much of Mexico's trade, and the article says exports are heavily directed to the United States.

US tariffs have also raised costs for some products, prompting industries to seek ways to limit the impact.

Mexican officials are taking part in the review, while customs professionals are preparing for possible changes.

The issue is due to be discussed at the AMA's annual congress in Querétaro on October 22 and 23.

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What people are saying

Georgina Estrada AguirreNational president of the Association of Customs Women
One very strong thing being seen today is that very surely in the coming months, in the next steps related to the USMCA, one important issue is the tightening of rules of origin, especially for certain sectors; the particular issue of the automotive industry and agribusiness could be complex
via El Economista MX
Marina Martínez VallejoPresident delegate of the Bajío chapter of the Association of Customs Women
They could affect the Bajío, above all, automotive, steel, textiles, I think these are the main ones and also, I think, the main ones these modifications will focus on
via El Economista MX
Our exports are very directed toward the United States. Of the 14 treaties we have, this one, the USMCA, I think is used in 70 to 80%, and it is the one causing the most vulnerability at this moment because of the lack of proper compliance, not only by Mexico, but by all three member countries
via El Economista MX