CVMA Congratulates Government on CETA Implementation

TORONTO, Sept. 21, 2017 /CNW/ - The Canadian Vehicle Manufacturers' Association (CVMA) congratulates the Government of Canada on the September 21^st provisional implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).

"The CETA represents an excellent opportunity for our member companies to increase exports to the European market," stated Mark Nantais, CVMA President. "Trade agreement outcomes that are supportive of Canada's automotive manufacturing sector and its integrated supply chain benefit Canada's overall economy.  We commend the Canadian government on achieving strong automotive provisions under the CETA."

Motor vehicles are Canada's number one export and over 90% of the vehicles produced in Canada by CVMA member companies are exported annually.

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 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)