The biggest surprise today concerned rules for determining which cars and light trucks would qualify for duty-free treatment under the agreement.
So if an auto maker qualifies for duty-free treatment, it can save $200 on an $8,000 car.
So if the Hondas do not meet the test for duty-free treatment, they said, it is highly unlikely that other imports will.
The next President should insist on reasonable labor standards in countries eligible for duty-free treatment under the generalized system of preferences.
If the Hondas do not qualify for duty-free treatment, these experts say, the others will not, either.
To qualify for duty-free treatment, at least 50 percent of a car's value must be made in the two countries.
The idea of special duty-free treatment for developing countries dates to the Kennedy Round trade negotiations in the 1960's.
It is important to justify the duty-free treatment of pharmaceutical and chemical substances and active ingredients.
Vehicles with three-fifths of their parts produced in North America will qualify for duty-free treatment under the new agreement.
The poorest African countries would be eligible for duty-free treatment with no restrictions for four years.