Auto Pact
In May of 2000 the World Trade Organization (WTO) ended the Canadian made Auto Pact.® The Auto Pact was an agreement constructed by Pierre Trudeau in 1965 that allowed companies to bring auto parts and vehicles from anywhere in the world into Canada without any tariff, but with two conditions.® One condition was a requirement of commitment to jobs in Canada, manufacturers had to produce one car in Canada for everyone they sold.® They also had to maintain a Canadian Value Added (CVA), which basically means no depreciation on Canadian made machinery and that parts in assembly were also made in Canada.® Automotive trade markets are among the most open in the world. They maintain no tariff barriers. This treaty kept North America happy however; the overseas companies were left with the shorter end of the stick. This caused the fall of the Auto Pact. The Auto Pact is too important to Canada, and Canada will suffer extreme losses.(reword) (give the main points)The 1965 Auto Pact is Canada’s most successful trade agreement.® “We should be kissing his ass,” says the wise yet youthful Jon Cooper as he refers to Trudeau’s ingenious scheme. It is a building block of Canada. Since signing the Auto Pact, the
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Some common words found in the essay are:
Auto Pact, North America, Pact Canadian, WTO Canadas, Korea Korea, Pierre Trudeau, Bill Ford, auto pact, Auto Pacts, Pact Canadas, Hyundai Kia, north america, auto industry, auto pact canadas, 15 percent, seven jobs, overseas companies, auto pacts, cars canada, fading star, kia hyundai,
Approximate Word count = 1205
Approximate Pages = 5 (250 words per page double spaced)
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