Annex 300 - A: Trade and Investment in the Automotive Sector

1. Each Party shall accord to all existing producers of vehicles in its territory treatment no less favorable than it accords to any new producer of vehicles in its territory under the measures referred to in this Annex, except that this obligation shall not be construed to apply to any differences in treatment specifically provided for in the Appendices to this Annex.

2. The Parties shall review, no later than December 31, 2003, the status of the North American automotive sector and the effectiveness of the measures referred to in this Annex to determine actions that could be taken to strengthen the integration and global competitiveness of the sector.

3. Appendices 300-A.1, 300-A.2 and 300-A.3 apply to the Parties specified therein respecting trade and investment in the automotive sector.

4. For purposes of this Annex, unless otherwise specified in the Appendices:

Existing producer of vehicles means a producer that was producing vehicles in the territory of the relevant Party prior to model year 1992;

New producer of vehicles means a producer that began producing vehicles in the territory of the relevant Party after model year 1991;

Used vehicle means a vehicle that:

Vehicle means an automobile, a truck, a bus or a special purpose motor vehicle, not including a motorcycle.