CANADIAN AUTO SECTOR OPTIMISTIC ABOUT IMPACT OF EU TRADE DEAL
September 1st, 2014
THE CANADIAN auto industry has welcomed the Comprehensive Economic and Trade Agreement (CETA) now negotiated between the European Union (EU) and Canada, but it may become more significant, if a trade deal is struck between the EU and the USA.“The biggest issues with CETA, and what we’re excited about, is the removal of the EU 10% tariff,” said Jeffrey Pierce, policy analyst at Canadian Manufacturers and Exporters, an industry association, whose members include Canada-based automotive manufacturers.CETA will remove a 10% EU tariff on imported passenger ...
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