CVMA Statement Regarding Trans Pacific Partnership (TPP) Announcement

TORONTO, Oct. 5, 2015 /CNW/ - Due to the highly integrated nature of the Canadian and US auto sectors, the CVMA consistently recommended that Canada achieve the same terms for the Canadian auto sector as the US achieved for its auto sector. The CVMA will examine the terms of the agreement in principle once the final language is released but it is concerned to learn of a significant differentiation in the negotiated tariff transitions achieved by Canada and the United States.

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 85 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 62% of vehicles produced in Canada, operate 5 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 115,000 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)

please contact: Mark Nantais, President, Canadian Vehicle Manufacturers' Association, 416.364.9333