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Canada auto parts makers back TPP, urge further government support

Canada auto parts makers back TPP, urge further government support

MONTREAL, OTTAWA (Reuters) – Canada’s Liberal government should commit to a 12-nation Pacific Rim free-trade deal inked by the country’s former leaders, but it also must invest further in local auto assembly, a group representing auto-parts manufacturers said Tuesday.

The Automotive Parts Manufacturers Association said the Trans-Pacific Partnership (TPP) will lead to increased competition from low-cost rivals, but that Canada should stick with the deal struck by its former Tory government.

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