Tag Archives: automotive industry

Korea Seeks to Renew Free-Trade Agreement Talks with Mexico

By THÉRÈSE MARGOLIS The underlying message at the Mexico-Korea Commercial Forum (Mexco) in Mexico City on Monday, Dec. 6, was loud and clear: Korea wants to reactivate long.-protracted talks to establish a bilateral free-trade agreement with Mexico. During the conference, which was cosponsored by the South Korean Embassy in Mexico and Mexico’s Council for Foreign Trade, Investment and Technology (COMCE)

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Mexico Asks US to Resolve Rules of Origin Dispute

XINHUA The Mexican government has filed a petition with the United States to open a period of consultation to resolve differences over automotive rules of origin that were established under the U.S.-Mexico-Canada Agreement (USMCA), the Economy Secretariat reported Sunday, Aug.22. The petition, which was formally filed on Aug. 20, gives both governments a period of 75 days to resolve the

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Automotive Chip Shortage Expected to End in Mid-2021

XINHUA A global shortage of a semiconductor chips that has plagued automakers and put the brakes on North American vehicle rollouts since late 2020, could end by mid-year, but will still cause a drop in automotive production, the president of Mexico’s National Auto Parts Industry (INA) Oscar Albin said Monday, March 8. During a virtual press conference, Albin said the

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