Agreement to Come into Force on December 30th
TORONTO, Oct. 31, 2018 /CNW/ - Global Automakers of Canada representing the Canadian interests of its 15 member companies from Europe, Japan and Korea congratulates the Canadian Government for moving quickly to pass the legislation required to implement the CPTPP agreement. The ratification in Canada facilitated the implementation of the agreement that requires six of the eleven signatories to ratify the agreement prior to its implementation.
The agreement will come into force on December 30th.
"The Global Automakers of Canada supports all rules-based trade liberalizing agreements and the CPTPP is no exception. In fact, it is a very important agreement as it puts all vehicle manufacturers and distributors on a level-playing field in the Canadian market for the benefit of consumers, while also providing the potential for vehicle exports," said David Adams, President of the Global Automakers of Canada. "Increasingly Canadians and Canadian businesses are appreciating the fundamental need to diversify our trading relationships, and this agreement will certainly help Canada do that," added Adams.
The Global Automakers of Canada advocates for sound public policy to support a competitive and sustainable automotive market in Canada. The members are committed to meeting the mobility needs of Canadians by providing greater consumer choice, offering leading edge safety and environmental technologies and eliminating unnecessary regulatory and trade barriers. The members of the GAC were responsible for 56% of overall vehicle sales in 2017. The members support some 77,000 direct and indirect jobs in Canada along with 60% of Canada's 3,500 dealers across Canada.
SOURCE Global Automakers of Canada
For further information: David C. Adams, President, (416) 333-2873, email@example.com