Industry Minister Looks to Innovative Future of Canadian Auto Sector
January 15, 2014 – Detroit, Michigan – Industry Canada
Canada's Industry Minister, the Honourable James Moore, today met with leaders of Canadian-based automakers to promote Canada as an ideal place for automotive investment. The Minister also toured the convention floor of the North American International Auto Show and saw first-hand many of the innovative new vehicles that are built by Canadians.
As a key driver of the Canadian economy and one of the country's largest manufacturing sectors, the automotive industry is a priority for our government. That is why our government has taken the following actions to support the long-term success of the Canadian automotive sector:
- Reaching an agreement in principle on the Canada–European Union Comprehensive Economic and Trade Agreement (CETA), which will remove the 10-percent EU car tariff and give Canadian automakers a competitive advantage in a market of 28 countries and 500 million consumers.
- Renewing the Automotive Innovation Fund to leverage private sector research and development, which will lead to increased efficiency and technology development.
- Launching the Advanced Manufacturing Fund to support the creation of products and technologies, helping Ontario manufacturers compete on a global scale.
- Committing to the construction of the new Detroit River International Crossing, which will facilitate the movement of people and goods between Canada and the U.S.
- Partnering with the Government of Ontario in 2009 to support General Motors and Chrysler in protecting jobs and communities that rely on the Canadian automotive industry.
Ensuring the best conditions possible for the automotive sector to do business continues to be an important focus for the Government of Canada. Our government will continue to take action to keep taxes low, eliminate tariffs on machinery and equipment, and create an environment that promotes innovation, research and development. Canada's automotive industry will continue to thrive and be at the forefront of job creation and innovation.
Office of the Minister of Industry