CANADIAN AUTO EXPORTS TO EUROPE ON THE RISE
October 1st, 2019
WITH Canadian auto exports to the USA falling in 2018 and the new USMCA trade agreement between the USA, Mexico and Canada still unratified (only Mexico has done so), the Canadian auto sector has been eyeing Europe for overseas sales.
A report from the Canadian government’s chief economist released in June (2019) gave grounds for optimism as regards future EU sales. While overall global value of Canadian automotive exports fell last year by 3.1% (down USD2.5 billion) – with sales to key trade partners the USA and Mexico declining, auto sales to the EU were ...
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