JAMA Canada supports bilateral efforts towards free trade between Canada and Japan

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 chains.

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 regional offices.

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
Tel: 416-968-0150
Email: dworts@jama.ca
Web: www.jama.ca

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Japan Automobile Manufacturers Association of Canada

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