All Free trade agreements articles
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ArticleNafta document shows US wants to retain tariff-free trade
A summary of the US’s objectives in upcoming negotiations over the North American Free Trade Agreement (Nafta) has highlighted a clear desire to retain tariff-free trade arrangements with Canada and Mexico.Though the summary highlights a reduction of the country’s two large trade deficits with its North American partners as the ...
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ArticleTPP concessions a 'starting point' for Nafta talks
US commerce secretary Wilbur Ross (pictured) has told a Bloomberg Breakaway Summit in New York that some of the concessions made by the country's neighbours under the Trans Pacific Partnership (TPP) agreement would be a 'starting point' in negotiations over the North American Free Trade Agreement (Nafta).President Donald Trump removed ...
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ArticleReports suggest Trump administration is now more open to an agreement with Europe
Reports this week have suggested President Trump’s administration has become more open to negotiating a trade deal with Europe, despite previous criticism of the bloc by the US president, who has already withdrawn from one multilateral trade agreement and called for the overhaul of another since taking power in January.The ...
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ArticleReport suggests US is reviewing its trade deal with South Korea
US vice-president Mike Pence (pictured) has indicated during his visit to South Korea that the trade deal between the two countries is under review and could be reformed, according to a Reuters report.The deal, which came into effect in 2012, has had a positive impact on US vehicle exports to ...
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ArticleTwo years for Brexit deal ‘optimistic’ as FTA calls for transitional trade measures
With the official date now set for the UK to begin its exit negotiations with the EU, the focus has shifted onto how those discussions will progress and whether a deal can really be struck in just two years Rollo: UK will need to complete a number of separate ...
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ArticleToyota invests in UK plant but warns on post-Brexit tariffs
Toyota has announced plans to invest £240m ($297m) in its UK-based car plant to enable vehicle production using its new Toyota New Global Architecture (TNGA) platform, while also promoting UK supply chain efficiencies.It is the latest new investment decision by a major carmaker following last year’s referendum in which the ...
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ArticleUS-Canada Nafta trade: Northern light hoping for a silver lining
The new US administration has left a bit of a cloud over Nafta, and while Canada may not be the primary target of any renegotiation, the country – and its important automotive supply chain – could still get caught in the crosshairs.In this story... A three-way split Investment and strength ...
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ArticleMexico conference: Nafta concerns slow supply chain investment
Carmakers, tier suppliers and logistics providers are becoming increasingly cautious about investment in Mexico, downgrading some plans or holding back on decisions amid the uncertainty of Mexico’s future trade relations with the United States and potential changes to the North American Free Trade Agreement (Nafta).Mexico has been one of the ...
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ArticleMexico conference: Trump’s taxes and tariffs ‘a negotiating ploy’
The past week has seen tensions escalate between the US and Mexico over trade terms, with a number of tariff and tax proposals suggested by the administration of Donald Trump that would have significant impacts on the automotive supply chain, both in North America and globally.However, while the administration rolled ...
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ArticleGM job cuts loom in Canada as overlap of Equinox production ends
General Motors has issued a notice at its CAMI plant in Canada that could result in the laying off of about 600 employees, according to labour union Unifor.The union said it was informed of the decision by company management earlier this week.The CAMI assembly plant in Ontario has historically produced ...
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ArticleFor UK carmakers, ‘Global Britain’ may not be enough
Production of Nissan Juke and Qashqai at Nissan Sunderland PlantThe Society of Motor Manufacturers and Traders (SMMT), the UK automotive trade body, has welcomed the UK government’s ambitions to develop new free trade deals that could benefit the automotive industry, including with large markets like the US and China, ...
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It may not be popular, but collaboration is still the only smart option
Despite the rise in populist protectionism so clearly underlined by the UK's recent vote to leave the EU and Donald Trump's surprising US election win, working together remains the only sensible way forwardSupply chain experts will spend 2017 dealing with the aftermath of the protectionist sentiments that helped propel the ...
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ArticleTrump withdraws from TPP and prepares to renegotiate Nafta
As promised in his election campaign, US president Donald Trump has issued his first executive order by officially withdrawing the US from the Trans Pacific Partnership (TPP) trade deal.The future of the TPP is now uncertain, with Australian Prime Minister Malcolm Turnbull suggesting China could replace the US but Japan ...
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ArticleUS tariffs ‘of limited long-term impact’ on Mexico, says WWL
Export tariffs to the US will be of limited long-term impact on Mexico’s automotive sector despite some short- to medium-term concerns, the head of Wallenius Wilhelmsen Logistics (WWL) in Mexico has suggested.Commenting on an analysis of the Mexican market produced by WWL recently, including the threat of tariffs being imposed ...
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ArticleBrexit: Why a nod of recognition is not enough to calm the nerves
Insights from British prime minister Theresa May this week into how she sees the UK's exit from the European Union panning out have done little to address the main concerns of the automotive sectorYou might accuse the current British government of many things in its strategy for leaving the European ...
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ArticleTrump threatens BMW with import tax; turns criticism to EU trade
US-president elect Donald Trump has turned his criticism of carmakers importing vehicles to the country from Mexico on BMW. As with Ford, GM and Toyota, Trump has threatened BMW with an import tax of 35% should it move vehicles to the US from its planned new plant in San Luis ...
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ArticleFCA invests in US Jeep output; warns over withdrawal from Mexico
Fiat Chrysler Automobiles (FCA) has revealed plans to invest $1 billion in its Michigan and Ohio plants, generating 2,000 jobs in the US.The move will create the capacity to extend its Jeep product line-up in response to a continued shift by consumers to SUVs and pickup trucks, and will also ...
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ArticleChanging trade agreements in the spotlight after US election
A week after Donald Trump’s surprise victory in the US presidential election, automotive manufacturers and experts are still piecing together what his new administration could mean for vehicle production, trade and investment across North America and beyond.Global trade deals with the US seem likely to fall back in priority or ...
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ArticleConcerns over global trade as Trump secures US election victory
Donald Trump’s surprise victory over Hillary Clinton in the November 8th US election has created serious concerns over the future of the country’s major trade agreement with its neighbours, which has become such an important part of many carmakers’ and tier suppliers’ automotive supply chains.Markets and currencies including the Mexican ...
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ArticleACEA backs VDA on Ceta’s potential to unlock further exports
The European Automobile Manufacturers Association (ACEA) has backed comments by Germany’s automotive trade body earlier this week that the recently-signed EU-Canada free trade agreement could result in an increase in European vehicle exports to the North American country.The Comprehensive Economic and Trade Agreement (Ceta) was finally sorted out this week ...