The Globe and Mail reports in its Tuesday, Oct. 6, edition that Canada weakened protecting its auto sector under the Trans-Pacific Partnership. The Globe's Barrie McKenna writes that the deal lowers
the domestic-content rules for
vehicles and car parts, overriding
rules in NAFTA that have
protected Canadian auto jobs
for decades. Under NAFTA, the
content rule was 62.5 per cent,
the threshold will now be 45
per cent for cars and other
higher-value components,
allowing more foreign parts to
be used by automakers in
Canada, the United States and
Mexico.
Union officials have warned
TPP concessions could
put at risk 80,000
auto-parts manufacturing jobs
in Canada. Trade Minister Ed Fast insisted in Atlanta on Monday that no auto-related jobs in Canada will be lost as a result of TPP.
With "100-per-cent certainty," Prime Minister Stephen Harper
insists Canadians will look back on this moment
10 years from now and will sing TPP's praises. Canadian
Chamber of Commerce director of international policy Cam Vidler says Canada simply could not
afford to sit on the sidelines as
the U.S.
and Mexico did a major free-trade
deal with Japan and other
Asian countries,
such as Vietnam and Malaysia.
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