Ontario and Michigan sign deal calling for more integration of auto sectors
August 3, 2016 by The Canadian Press
Aug. 3, 2016 – Ontario and Michigan have agreed to work together to promote the auto sector, which is an important part of both their economies.
Premier Kathleen Wynne and Michigan Gov. Rick Snyder signed a memorandum of understanding today that they said would promote innovation and regional competitiveness in the auto industry.
The province and state will create a working group to look at areas for increased collaboration that would help them both compete, like cars that connect to the internet, lightweight materials and alternative fuels.
The working group will also look at increasing supply chain integration and technology transfer between Ontario and Michigan’s auto sectors through business-to-business partnerships.
Wynne says the agreement will not only boost regional competitiveness, it will also “create new opportunities for investment, jobs and growth on both sides of the border.”
Synder says the deal with Ontario will lead to economic growth and job creation in both Ontario and Michigan.
“Sharing best practices and integrating our supply chains will advance Michigan’s and Ontario’s positions as leaders in the auto industry,” Snyder said in a release.
Two-way trade between Ontario and Michigan totalled $74 billion in 2015.