Japanese manufacturers like modified TPP

Canada’s Japanese-brand auto manufacturers support the proposed Trans-Pacific Partnership trade deal between the country and 10 other Pacific Rim nations.

The TPP deal will create more opportunities for trade and will restore a level playing field on vehicle tariffs, the Japan Automobile Manufacturers Association of Canada said in a statement.

“Today we manufacture almost half of all light vehicles produced in this country and export over four times as many vehicles as we import from Japan,” said David Worts, executive director of JAMA Canada. “Canada’s trade with agreements like the CPTPP will offer expanded trade and business opportunities for Canadian exporters, while boosting competition domestically to bring Canadians greater choice and new innovations in vehicle safety, fuel efficiency, alternative power trains, and vehicle automation.”