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Tories promise to provide $1 billion for auto sector to help cope with TPP

The party says the aid program for developing products would take effect in 2017-18


 
 ( Jeff Kowalsky/Bloomberg/Getty Images)

( Jeff Kowalsky/Bloomberg/Getty Images)

WHITBY, Ont. — The federal Conservatives are committing to provide the auto industry with more than $1 billion over the next decade to help it cope with the elimination of tariffs as a result of the Trans-Pacific Partnership.

The party says the aid program for developing products would take effect in 2017-18, when an existing subsidy program ends.

The Tories say they would also start to include the infrastructure, land and buildings needed for assembly plants under the current subsidy program.

Conservative Leader Stephen Harper says a Tory government would also offer non-repayable grants to companies that make firm commitments to build new auto assembly plants.

Under the TPP, a 6.1-per-cent levy on auto imports will be phased out over five years if it is ratified.

Cars would be allowed into Canada without tariffs as long as they have 45 per cent content from the TPP, lower than the 62.5 per cent threshold under NAFTA.

 


 

Tories promise to provide $1 billion for auto sector to help cope with TPP

  1. Am I missing something?? Why is Harper giving the auto sector a bailout if this TPP deal is so good for the country?? Confused…or perhaps it is perfectly understandable.

  2. Why are we even talking about this, Harper holds the cards, why do the liberals have to agree with something, they haven’t even seen yet. Did the MSM ever here of READING THE FINE PRINT first, before you sign off on any deal. This is just another way of Harper trying stick a wedge into the election and the MSM runs with it. It’s true, the MSM are running this election for Harper. Why aren’t the MSM still asking Harper why he won’t put this deal to the public, and if you have nothing to show the public, then SHUT UP!

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