Trans-Pacific Partnership Could Devastate Industry, Brampton Auto-Worker Warns

An article in Business Canada (October 5, 2015) titled “Trans-Pacific Partnership Could Devastate Industry, Brampton Auto-Worker Warns” (http://www.huffingtonpost.ca/2015/10/05/trans-pacific-partnership-could-devastate-industry-brampton-auto-worker-warns_n_8248252.html) describes the impact of the TPP on the Canadian Auto industry. The deal could phase out the 6.1% tariff on imported vehicles after reducing the percentage of North American content needed in order to remain the cars duty free. The agreement supports that the Canada’s automotive sector is an export-based industry that will be boosted through the access in global markets. Ontario is concerned that the agreement will expose the auto concessions to a stiffer global competition, potentially impacting the jobs and livelihoods of the Canadians. By how much will the Canadian unemployment rate increase after the implementation of this decision?

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