TORONTO, Feb. 29, 2016 /CNW/ - The Canadian Vehicle Manufacturers' Association congratulates the Government of Canada on the completion of the legal review of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).
Over 90% of the vehicles produced in Canada by CVMA member companies are exported each year and automotive exports represent Canada's number 2 overall export. "The CETA agreement reflects the hard work of the Canadian negotiating team to ensure outcomes that are supportive of Canada's automotive manufacturing sector," stated Mark Nantais, CVMA President. "We support the Government's continued progress towards ratification of this historic trade agreement."
About the Canadian Vehicle Manufacturers' Association (CVMA)
The Canadian Vehicle Manufacturers' Association is the industry association that has represented Canada's leading manufacturers of light and heavy duty motor vehicles for more than 85 years. Its membership includes Fiat Chrysler Automobiles (FCA) Canada Inc.; Ford Motor Company of Canada, Limited and General Motors of Canada Limited. Collectively its members account for 62% of vehicles produced in Canada, operate 5 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 115,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 500,000 across Canada. Please visit www.cvma.ca.
SOURCE Canadian Vehicle Manufacturers' Association (CVMA)
For further information: please contact: Mark Nantais, President, Canadian Vehicle Manufacturers' Association, 416.364.9333