Automakers want more from the TPP

On September 9, the Globe and Mail reported that the NAFTA automakers want the TPP to be “sweetened.”

The auto industry accounts for about 20% of all NAFTA trade. While the current TPP is negotiating to allow duty free products and parts that use no more than 45% or 20% domestic content respectively, the automakers want these levels to be increased to at least 50% in each. They cite that there are at least 3 million jobs that the industry caters and that catering to these might be difficult under the current deal.

Canada’s government has assured that they will do all in their capacity to keep the domestic market competitive, but will they succeed? Will the TPP be modified to finally hear the automakers and add them to their list of allies?

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