Auto Rule Of Origin Emerges As Key Obstacle During TPP Ministerial

LAHAINA, Hawaii - During a four-day ministerial meeting here, the automotive rule of origin emerged as one of three key obstacles to concluding the Trans-Pacific Partnership (TPP), after Mexico and Canada rejected a deal worked out beforehand by the United States and Japan on a regional content threshold they considered unacceptably low. The U.S. and Japan appear to have agreed on an automotive rule of origin that would require roughly 55 percent of the value of an automobile to come...