Free trade agreements have always been an area of controversy. While such agreements may offer potential benefits, some individual sectors can suffer. As the Trans-Pacific Partnership (TPP) agreement moves towards becoming a reality it is important to get a better understanding of the implications for the automotive sector in Canada.
In this month’s Observations we will break down the agreement into three sub categories: Original equipment parts, aftermarket parts and light vehicles. Discussion will be focused on the potential impact of the agreement on these various sides of the industry, and on the uncertainties that remain.