The Globe and Mail reports in its Monday, Aug. 24, edition that Canadian and Mexican auto parts makers are
warning of dire consequences for manufacturing
jobs if the Trans-Pacific Partnership trade pact is
concluded without better terms for their sector.
The Globe's Steven Chase writes that they are worried about a concession sought by
Tokyo in talks to create a Pacific Rim trade pact
that would let Japanese automakers ship cars and
auto parts into North America duty free but with
substantial content from non-TPP countries.
In an Aug. 20 letter to Canadian Trade Minister
Ed Fast and his Mexican counterpart, Ildefonso
Guajardo Villarreal, the auto parts makers say they
fear their sector would suffer serious damage if
Ottawa and Mexico fail to obtain a better deal.
Automotive Parts Manufacturers' Association
president Flavio Volpe and his Mexican counterpart Oscar Aldin say: "If this provision were to come into force, our
companies and workers would be placed in a competitively
disadvantaged [position] in the North
American market. [It] would seriously compromise
our operations in the North American region,
and we may be forced to significantly reduce our
operations."
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