How the Canada-EU Free Trade Deal Could Change the Auto Industry
Career Path : Automotive
The European Union and Canada have recently signed an extensive free trade deal, meaning that the import and export of various goods and services between the two countries will now be made much easier. Among the sectors of the economy that will be affected by this agreement is the automotive industry, which will see a loosening of the tariffs and restrictions on the export and import of various automobiles. This means that Canada should see a boost to its automotive sector, with more and more mechanics needing to be trained to know how to fix and repair the incoming European cars that North America will just be getting for the first time. The Canadian Automotive and Trucking Institute have a great blog post that dissects just what this agreement will mean for both sides, and if that finally means we’ll be getting some great diesel cars!
“According to some preliminary figures, this is expected to boost Canada’s economy by around $12 billion, as well as supply close to 80,000 jobs. Most of these jobs will be in people looking to become a mechanic or even just take an auto mechanic course, because an increase of cars on the road means an increase in automotive careers!
The majority of Canadian cars, at least those built by the Detroit Three (Chrysler, Ford and GM) and most Japanese auto-makers, are built with a majority of their parts imported from the U.S. So, what this means is that if the U.S. signs a similar deal, there will basically be nothing distinguishing a U.S. made car from one made in Canada.”