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TPP offers opportunities and challenges to auto parts industry

TPP offers opportunities and challenges to auto parts industry

APMA will focus its efforts on ensuring the viability of all OEM assembly plants in Canada, large and small, in partnership with all levels of government and our CAPC partners.”

Story Canadian negotiators made a significant, material advance on the automotive parts rules of origin from the proposal they rejected in Maui and these new reasonable terms will have varying effects on Canada’s automotive parts manufacturing. On one hand, prospects to supply vehicle assembly in foreign markets will open for large Canadian suppliers with multinational footprints and access to mobile capital. On the other hand, small and medium sized suppliers to Canada’s vehicle assembly supply chain will face new competitive pressure from large, multinational firms from TPP countries and further abroad.

The 81,000 people employed in the Canadian automotive parts manufacturing sector are fairly evenly split between companies facing new opportunities and those facing new challenges. From this perspective, we will renew our focus on ensuring the viability of all OEM assembly plants in Canada, in partnership with the government and our CAPC partners.

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