CANADA – THE DESTINATION FOR LOW COST AUTO SECTOR EXPANSION

It turns out that Canada is the destination auto sector supply chain businesses with a view to growing their business and accessing critical auto markets.  

Canada is a strategic location in the center of one of the world’s largest and attractive automotive manufacturing regions. Canada’s automotive manufacturing sector already employs over 120,000 workers and generates revenues of in excess of $85 billion. Regardless of its neighbors massive automotive sector market, Canada itself produces over 2.1 million cars a year.  

  • Canada is part of fully integrated North American market with annual sales of nearly 20 million vehicles and annual production of about 16 million units.
  • According to a recent KPMG report, auto parts operations based in Canada typically enjoy an 11.2% labour cost advantage compared to their U.S. based counterparts.
  • The report also states that Canada lags only behind Mexico when it comes to how little businesses have to pay for labour, facilities, transportation and taxes.
  • Under NAFTA (North American Free Trade) and the proposed CETA (Comprehensive Free Trade Agreement) Canada will enjoy preferential access to some of the largest and most important automotive markets in the world.
  • If ratified CETA will eliminate nearly all import duties, saving European exporters around 500 million a year, give access to government contracts and relax restrictions on the movement of people.


Many of the worlds largest automotive component manufacturers and supply chain operators reside in Canada. The relationships, contracts and channels these companies have with well established car manufacturers provide a strong infrastructure which foreign investors can use to spring board into the sector.

 

CONTACT DETAILS

If you are an automotive sector business, or a manufacturing business in another sector, and are interested in finding out about how you might access this exciting opportunity please contact our Canadian member firm.

Contact Person: Tony J. Sokic
ADAMS & MILES LLP
Phone: (+1 905) 459 5605
EMail: tsokic@adamsmiles.com
Firm website: www.adamsmiles.com

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AGN International Ltd is a company limited by guarantee registered in England & Wales, number 3132548, registered office 6 Hays Lane, London Bridge, London SE1 2HB, United Kingdom.
AGN International Ltd (and its regional affiliates; together "AGN") is a not-for-profit worldwide membership association of separate and independent accounting and advisory businesses. AGN does not provide services to the clients of its members, which are provided by Members alone. AGN and its Members are not in partnership together, they are neither agents of nor obligate one another, and they are not responsible or liable for each other's services, actions or inactions.

Copyright © 2020 AGN International Ltd, All rights reserved. You are receiving this because you are a member of AGN International Ltd




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