TORONTO, June 19, 2012 /CNW/ - The Canadian Vehicle Manufacturers'
Association (CVMA) welcomes the news today that Canada will join the
Trans-Pacific Partnership. The CVMA and its member companies commend
and applaud the Prime Minister and the Minister of International Trade
for their success in negotiating Canada's entry into this important
trade initiative for the Pacific Rim.
Since the groundbreaking Canada-US Auto Pact, Canada's auto industry has
developed as part of a highly integrated North American sector. This
integration was further supported by the Canada-United States Free
Trade Agreement, and by the North American Free Trade Agreement
(NAFTA). Entry into the TPP will ensure the North American automotive
sector will continue to benefit from high levels of integration.
Canada's automotive sector remains Canada's largest manufactured export.
The Canadian auto sector applauds Canada's success in joining its
NAFTA trading partners in this important new trade opportunity.
About the Canadian Vehicle Manufacturers Association
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 Chrysler Canada Inc.; Ford Motor Company of Canada,
Limited; General Motors of Canada Limited; and Navistar Canada, Inc.
Collectively its members account for 70% of vehicles produced in
Canada, operate 5 vehicle assembly plants as well as engine and
components plants, and have over 1,300 dealerships. 125,000 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:
Canadian Vehicle Manufacturers' Association