User login

TPP Rule Of Origin Is 45% For Vehicles, With Caveats; 35-45% For Auto Parts

October 8, 2015 at 9:34 PM
The final Trans-Pacific Partnership (TPP) deal announced this week contains rules of origin for the automotive sector that require 45 percent regional value content for finished vehicles under a complicated accounting method, along with a regional value content threshold between 35 and 45 percent for auto parts, according to informed sources. Both of these figures are under the "net cost" method used in the North American Free Trade Agreement (NAFTA), which is calculated by considering only the costs directly related...

Not a subscriber? You can request 30 days free access to exclusive, behind-the-scenes reporting on trade policy in the Biden era.