The "high wage" rule, according to Citibanamex, will slightly transfer some of Mexico's competitive advantages over to the United States.
"This apparent benefit will negatively impact Mexico and possibly foreign manufacturers operating in the country," said the bank.
"There is also a cost to limiting Mexico's role as a platform from which North America exports to the rest of the world, a strategy used extensively by automobile makers," the bank added.
However, the changes are not expected to affect Mexico's macroeconomic outlook, the bank said, forecasting a gross domestic product growth of 2.3 percent for 2018 and a slowdown to 1.9 percent in 2019.
The modified NAFTA agreement still needs to be approved by Canada.
【国际英语资讯:New NAFTA auto rules to curb Mexicos competitiveness: bank】相关文章:
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