Alvarez Comments on New Trade Pact

02 April 2019 Texas Lawbook News
Foreign Legal Consultant Andres Alvarez was quoted in a Texas Lawbook article, “Call Me By My Name: And No, I’m Not NAFTA,” about the status of the new free trade agreement between the U.S, Canada and Mexico and how it might affect businesses that have grown accustomed to dealing with NAFTA.

Alvarez, a panelist at a program called “The New NAFTA: Getting Down to Business,” said some of the most sweeping changes are likely to be felt in the auto industry, where new requirements for parts origination and a raise in salary standards are likely to have a dramatic effect. “I think that probably cars will get more expensive,” he said. “Whether that’s good or not, the bottom line will be a matter of cost/benefit analysis.”

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