More auto-parts manufacturing requested in the NAFTA zone

As part of the NAFTA renegotiation, the National Industry of Auto-parts in Mexico (INA) is proposing to increase components manufacturing in Canada, U.S. and Mexico, which are currently imported from China, Korea, Japan and Germany. Oscar Albin, President of INA, explained that there is potential to manufacture electronic circuits and capacitors that are currently not manufactured in any of the NAFTA countries. INA added that there is going to be investment worth roughly US$1.3 billion over the next two years by Toyota, BMW and Daimler (Mercedes Benz) providers.