These are uncertain times for the automotive sector – from Original Equipment Manufacturers to Tier Three suppliers. For over twenty years, companies have been making strategic decisions based on the rules of the 1994 NAFTA. Today, that rulebook is about to be changed. For AIAG member companies, this means they will need to take a fresh look at what they make, where they make it, and how they make it.
On his first day of office, President Donald Trump announced his intention to meet with Ottawa and Mexico City to renegotiate the NAFTA. More recently, the White House trade team reiterated the President’s preference for bilateral trade deals over multinational or regional accords. And last week, the White House announced that the Commerce Secretary-designate Wilbur Ross will lead the US NAFTA talks. Mr. Ross has made it very clear that he intends to prioritize changes to the current NAFTA regional value content (RVC) rules – particularly mentioning the automotive sector.
Join us for a timely and well informed discussion, where David Hamill and Birgit Matthiesen of Arent Fox LLP will provide the latest on developments in Washington DC and their insight into the RVC rules your company has depended upon, and which could change in the months ahead. Uncertainty brings risks but also opportunities when executives are proactive and best informed.
When: March 9, 2017
Time: 2:00 PM EST