Windsor manufacturing sector closely eyeing NAFTA talks
Wednesday, August 16, 2017
Windsor business owners and trade experts will have a close eye on negotiations as Canada, Mexico and the United States open up the North American Free Trade Agreement this week to try to come up with a more modern deal.
Any changes to regulations surrounding market access and rules of origin could have a resounding impact on companies in the Windsor region, say trade experts.
Rules of origin is a particular concern for the manufacturing sector as the regulations determine what percentage of a product is considered North American and therefore traded without tariffs, explained Laurie Tannous, the special adviser with the Cross Border Institute at the University of Windsor.
"If the rules of origin are going to be tightened, then we're going to see a lot more paperwork, a lot more red tape for companies here in Windsor that are sourcing goods from outside the area," she said. [Read More]