Why Some Asian Companies Are Gung Ho About NaftaRobert Neff
The agreement by the U.S., Canada, and Mexico to establish a North American free-trade zone touched off predictable protests throughout the world, notably in Asia. Japanese auto makers, whose North American assembly plants face higher domestic content standards, were especially noisy. "We're concerned, definitely," says an official at Toyota Motor Corp. "It will have an adverse effect for Japanese carmakers in North America." Other Asian government and industry leaders professed concern that industrial investment could shift from their countries to Mexico.
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