Dianne Craig, the Chief Executive Officer of Ford Canada says that when she meets government officials later this month, she will raise the risks posed to the Canadian automotive sector by the Trans-Pacific Partnership (TPP).
|Craig said she will also discuss the need to increase subsidies in order to attract more investment in the Canadian auto sector. Ontario has been losing jobs in the sector to Mexico and the southern United States where labor costs are lower.|
“There’s no possible way to paint this deal as benefitting the auto industry. There’s no possible way to say that new exports to Japan and Malaysia and Vietnam will somehow offset both the inflow of imports from those places, and more importantly, the potential relocation of a big chunk of our supply chain.”Not everyone was so negative about the implications of the deal.
" On one hand, prospects to supply vehicle assembly in foreign markets will open for large Canadian suppliers with multinational footprints and access to mobile capital.On the other hand, small and medium-sized suppliers to Canada’s vehicle assembly supply chain will face new competitive pressure from large, multinational firms from TPP countries and further abroad.”