At this week’s AL Mexico conference Jesús Seade, undersecretary for North America at the Mexican Ministry of Foreign Affairs, talked about the new USMCA trade deal (called T-Mec locally) and the increase in localisation brought about by the changes to rules of origin. Here Christopher Ludwig gives an overview of Seade’s discussion and how the changes promise a lot more investment in the North American supply chain, especially for Mexico. While a new emphasis on localisation has inherent risks, not least for the supply of steel, according to Seade there is enough flexibility in the new trade agreement to review and renew policy. For more on Automotive Logistics Mexico 2020 visit the event page, and check out more coverage from Mexico on our website here. For more business intelligence and market insight, visit our global business intelligence page.
Watch: Why Jesús Seade thinks the USMCA will increase supply chain investment investment into Mexico | News
