TORONTO, Nov. 10, 2017 /CNW/ - The Canadian Vehicle Manufacturers' Association (CVMA) is confident that Canada's decision not to rush into or be pressured into signing the Trans Pacific Partnership agreement with the eleven remaining countries (TPP-11) is in the best interest of Canada's auto industry and the nation's economy.
We commend the Canadian government for ensuring that all concerns and issues are considered, including manufacturing, to negotiate an agreement that is beneficial for all Canadians.
"Future North American automotive sector investment hinges in large part on whether the industry can fully participate in and benefit from trade agreements," stated Mark Nantais, CVMA President. "TPP outcomes must address export market access issues to the Asia-Pacific marketplace and recognize Canada's competitiveness as part of the North American trade bloc to support, and not harm, Canadian automotive manufacturers."
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 90 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 approximately 60% of vehicles produced in Canada, operate 5 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 130,000 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: Mark Nantais, President, Canadian Vehicle Manufacturers' Association, 416.364.9333