Automotive Products Trade Agreement

Herausgegeben:Miller, Frederic P.; Vandome, Agnes F.; McBrewster, John

• Broschiertes Buch

Produktbeschreibung

The Automotive Products Trade Agreement, commonly known as the Auto Pact or APTA, was an important trade agreement between Canada and the United States. It was signed by Prime Minister Lester B. Pearson and President Lyndon B. Johnson in January 1965.It removed tariffs on cars, trucks, buses, tires, and automotive parts between the two countries, greatly benefiting the large American car makers. In exchange the big three car makers General Motors, Ford, and Chrysler agreed that automobile production in Canada would not fall below 1964 levels and that for every five new cars sold in Canada, three new ones would be made there.Before the Auto Pact the North American automobile industry was highly segregated. Because of tariffs, only three percent of vehicles sold in Canada were made in the United States, but most of the parts were manufactured in the U.S. and overall Canada was in a large trade deficit with the States in the automobile sector.The Pact saw vast and immediate changes.Canada began to produce far fewer different models of cars. Instead, much larger branch plants producing only one model for all of North America were constructed.

Produktdetails

• Verlag: Alphascript Publishing
• Seitenzahl: 188
• Englisch
• ISBN-13: 9786130682804
• ISBN-10: 6130682808
• Artikelnr.: 29055990