Global Automakers of Canada applauds Canada’s CPTPP legislation
November 1, 2018
By Manufacturing AUTOMATION
November 1, 2018 – The Global Automakers of Canada organization has released a statement applauding the federal government’s decision to pass the legislation required to implement to the Trans-Pacific Partnership (CPTPP).
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 effect on December 30.
Global Automakers of Canada represents the Canadian interests of its 15 member companies from Europe, Japan and Korea. The The organization advocates for public policy to support a competitive and sustainable automotive market in Canada. The members of the GAC were responsible for 56 per cent of overall vehicle sales in 2017. The members support some 77,000 direct and indirect jobs in Canada along with 60 per cent of Canada’s 3,500 dealers across Canada.
“The Global Automakers of Canada supports all rules-based trade liberalizing agreements and the CPTPP is no exception,” says David Adams, president of the Global Automakers of Canada. “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.”
“Increasingly Canadians and Canadian businesses are appreciating the fundamental need to diversify our trading relationships, and this agreement will certainly help Canada do that,” he says.
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