Mexican Government Urged to Place Restrictions on Chinese Vehicle Manufacturers
Juarez City.- The National Chamber of the Transformation Industry (Canacintra) advisor Jesús Manuel Salayandía Lara has called on the Mexican government to impose stricter regulations on Chinese vehicle manufacturers to protect the Mexican market from being destroyed.
Concerns have been raised over the influx of Chinese auto companies setting up operations in Mexico, with fears that they may flood the global market, particularly with electric vehicles. US lawmakers have warned that this could put competitors at a disadvantage.
Mexican economists have highlighted that these Chinese vehicles are sometimes sold in the United States as if they were Mexican, benefiting from the Free Trade Agreement. Salayandía Lara emphasized the need for more support for Mexican producers, urging for more Mexican suppliers to be involved in the manufacturing process.
The advisor also pointed out that the presence of Chinese vehicle agencies in Mexico is forcing other brands to lower their costs to compete with the cheaper Chinese units. He stressed the importance of supporting Mexican producers to generate wealth within the country.
Salayandía Lara called for a reevaluation of the current situation, emphasizing the importance of promoting Mexican products and producers. He criticized the reliance on maquilas, which he described as foreign-owned, and advocated for a more nationalist approach to protect the Mexican market and economy.