A glimpse of ONILOG’s 2021 expectations

In ONILOG we are optimistic about our expectations for 2021 and as stated in previous articles, we always choose to see the glass half full and work diligently to continue creating value. There were hard decisions which had to be taken at the beginning of the year to adjust our company to the actual level of operations and to prepare us to meet the projected growth due to the vast number of projects expected to land starting 2Q 2021.

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UK after Brexit

Just last week, the UK applied to become a member of the Asia – Pacific Free Trade Pact, formally known as The Comprehensive and Progressive Agreement for Trans-Pacific Partnership - or CPTPP - covers a market of around 500 million people (www.bbc.com/news/). Mexico is part of this agreement and USA is expected to joint with the new Biden Administration.

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Rules or Origin for the Auto Industry in North America

Rules or Origin for the Auto Industry in North America for the auto industry in North America and will redefine the regional value chain. From 62.5% of regional contents that NAFTA required, to 75% with the new treaty and with explicit inclusion of steel and aluminum from local suppliers.

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