As an example of what are called local-content laws NAFTA requires 62 percent local content for all cars coming from member countries.

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This is true. NAFTA requires that all cars coming from member countries have at least 62 percent local content. This means that significant portions of the car's value must be produced within North America. This requirement is meant to encourage economic growth and job creation within the NAFTA region.

As an Example of What Are Called Local-Content Laws NAFTA