Negotiations continue. Both the US and Mexico seem optimistic about reaching an agreement on the most complicated NAFTA issues, which would help move talks along once Canada rejoins the discussion. The new federal administration seems open to moving forward with the deal as well, although it seems that Andrés Manuel López Obrador (AMLO) is keen on opening Mexico to more trade opportunities beyond North America.
Want to know what else happened last week? Keep straight ahead.
Mexico Secures Trading Position
Marcelo Ebrard, incoming Minister of Foreign Relations, says AMLO has instructed him to prepare a trip to Japan to continue discussing investment plans with the Japanese government.
If Mexico and the US can agree on the thorniest subjects, Canada might return to the NAFTA negotiation table by the end of the week, says Ildefonso Guajardo, Minister of Economy.
Gustavo de Hoyos, President of Coparmex, asks negotiators to keep used-vehicle imports in mind during the NAFTA negotiations. “Illegal imports of these units … compromises road safety as well as public security,” he says.
Changes and Potential Opportunities
Starting on Sept. 1, 2018, Magda López will become the new President and Director General of Renault México, the position previously occupied by Eric Pasquier. López will be the first woman to lead Renault in Mexico and the second female leader of an automotive OEM in the country.
Renault does not rule our Mexico as a potential manufacturing destination. However, its other plants in the Americas still have potential for expansion, says Olivier Murguet, the company’s President for the Americas region.
Volkswagen will move production of the eighth generation of Golf from Puebla to Wolfsburg. The company wants to centralize production of this model in Germany. Previous generations will still be manufactured in Mexico.