TORONTO, Feb. 23 /CNW/ - JAMA Canada wholeheartedly supports renewed
efforts by the Government of Canada and the Government of Japan towards
negotiating a bilateral economic partnership agreement.
"This announcement on the Joint Study is a very welcome development for
our members in Canada, particularly as the Canadian Government is in
the midst of free trade negotiations with both South Korea and the
European Union", said David Worts, Executive Director of JAMA Canada.
"Quite simply, in a hyper-competitive market, we need a level playing
field where all automakers are treated in a fair and balanced manner,
particularly as three of our members, Honda, Toyota and Hino, have
large manufacturing facilities in Canada which employ thousands of
Canadians", added Mr. Worts.
For many years, JAMA Canada has been a strong advocate of liberalized
trade and open borders, particularly as the auto industry in Canada
continues to depend heavily on trade along with local and global supply
Since 1993, Canada has been a net exporter of Japanese brand vehicles.
Last year, exports of Japanese brand vehicles made in Canada were
triple the number of imports from Japan. And while two out of every
three Japanese vehicles sold in Canada are now made in North America,
there is still a need to import vehicles from Japan to meet the varied
transportation needs of Canadian consumers.
Investments by the Japanese auto industry in Canada have grown
significantly in the past two decades. Vehicle manufacturing investment
is in excess of $9 billion on a cumulative basis. Current employment in
Canada includes 25,000 at vehicle and parts related plants, about
39,000 at 1,190 dealerships across the country, and 2,000 at head and
Further opening of trade between Canada and Japan, Canada's fourth
largest trading partner, can only benefit future investments on both
sides while ensuring that Canadian consumers and workers continue to
enjoy the full benefit of freer trade among long time partners.
SOURCE Japan Automobile Manufacturers Association of Canada
For further information:
Japan Automobile Manufacturers Association of Canada
151 Bloor Street West, Suite 460
Toronto, Ontario M5S 1S4
David Worts, Executive Director