top of page
nafta & the Automotive Market
-
Main driver of the growth of the automotive industry in Mexico.
-
Import tariffs on automobiles and light trucks were immediately cut from 20% to 10%, to be phased out in ten years.
-
By 2020, almost 25% of all North American vehicle production will take place in Mexico, compared with only 10% in Canada and 65% in the United States.
-
bottom of page