Printer Friendly

FORD STATEMENT ON NAFTA

 FORD STATEMENT ON NAFTA
 DEARBORN, Mich., Aug. 12 /PRNewswire/ -- The following is a


statement regarding the proposed North American Free Trade Agreement (NAFTA) by Harold A. Poling, chairman of the Board and chief executive officer, Ford Motor Company (NYSE: F):
 We support the underlying philosophy of a more open trading system that would stimulate economic growth and enhance worldwide competitiveness for the U.S., Canada and Mexico. And, we applaud the negotiators for their tireless efforts in dealing with this very complex issue.
 But, we are concerned that the agreement does not require a 65 percent automotive rule of origin. Ford, along with General Motors and Chrysler, jointly stated their support for a minimum of 65 percent automotive rule of origin as necessary to assure that tariffs are eliminated only for those companies that have made or are willing to make substantial economic commitments in North America.
 Every percentage point increase translates into more investment in the North American manufacturing base. Whether the level of 62.5 percent rule of origin is balanced sufficiently by other parts of the Agreement will depend on how the many details have been written and will be interpreted.
 We hope that we will be able to fully support the Agreement as the details are worked out.
 -0- 8/12/92
 /CONTACT: Bill Day, 202-962-5366, or Ana Krawec, 313-322-9600, both of Ford/
 (F) CO: Ford Motor Company ST: Michigan IN: AUT SU:


JG -- DE009 -- 9286 08/12/92 09:41 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 12, 1992
Words:246
Previous Article:NORSTAN CANADA PURCHASES INSTALLED PBX BASE FROM SIEMENS ELECTRIC LTD.
Next Article:MULTI-COLOR CORPORATION REPORTS FLASH FLOOD AT INDIANA PLANT
Topics:


Related Articles
UAW'S WARREN DAVIS: LABOR DAY 1993 STATEMENT
STATEMENT BY AAMA PRESIDENT IN SUPPORT OF NAFTA
NAFTA MEANS JOBS FOR AMERICAN AUTO WORKERS FORD EXECUTIVE SAYS
STATEMENT BY ROBERT J. EATON, CHAIRMAN AND CEO, CHRYSLER CORPORATION, REGARDING THE NAFTA VOTE IN THE HOUSE OF REPRESENTATIVES, NOV. 17
PRESIDENT AND CEO OF AMERICAN AUTOMOBILE MANUFACTURERS ASSOCIATION ISSUES REACTION TO NAFTA VOTE
FORD CHAIRMAN ISSUES STATEMENT ON NAFTA
FORD SHIPS 18,000 U.S. VEHICLES TO MEXICO
AMERICA'S CAR COMPANIES SET RECORD FOR MONTHLY NORTH AMERICAN EXPORTS TO MEXICO
AUTO EXPORTS UNDER NAFTA: THE REAL NUMBERS
The auto industry.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters