Le Lézard
Classified in: Transportation, Business
Subjects: ECO, FOR, AVO

Auto Makers Support Canada's Decision to Seek a TPP Agreement that is Beneficial for Manufacturing and All Canadians



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)


These press releases may also interest you

at 09:03
The C Series aircraft donated to the École nationale d'aérotechnique (ÉNA) by Bombardier will land at the Saint-Hubert Airport for the first time on October 17. The aircraft will be welcomed by students and professors at an event in presence...

at 09:00
ELGIN, Ill., Oct. 17, 2018 /PRNewswire-PRWeb/ -- While the two vehicles may offer nearly identical exterior stylings, there are several key differences that set the Volkswagen Golf Alltrack and the Volkswagen Golf SportWagen apart. One Chicago-area...

at 09:00
Micah Diaz of Corona, California, crowned the newest Hoonigan ambassador as FIAT brand and Hoonigan teamed up for a second straight year to celebrate the culture of motorsport This year's grand prize was a track-ready Fiat 124 Spider Abarth heavily...

at 09:00
Crimson Midstream, LLC, and MPLX LP , today announced the commencement of a binding open season to assess interest and solicit commitments from prospective shippers for transportation service on the Swordfish Pipeline.  The Swordfish Pipeline is...

at 09:00
TradeRev, North America's leading dealer-to-dealer digital auction platform, announced the release of the company's new MOVE METAL® service options for sellers. The offering includes three customized tiers ranging from self-service to full-service,...

at 09:00
The extensive safety and comfort equipment in modern vehicles is increasingly restricting the packaging space available for the powertrain. GKN has thus developed its series of countertrack® joints, which transmit the same power through a...




News published on 10 november 2017 at 14:49 and distributed by: