From the possibility of protectionist measures by the United States to proposed Ontario labour laws, Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, discussed with Bloomberg TV Canada the concerns the auto industry has as NAFTA renegotiation nears.
Volpe told host Pat Kiernan he is “expecting some grey hairs to come” during NAFTA talks but also expects Canada “to prevail” in those renegotiations.
"Ultimately, the Mexican and Canadian auto sectors are geared toward the American consumer, so anything you do that punishes the cost structure in those two countries ends up being borne by the American consumer and, ultimately, the American voter,” Volpe said. “If you want to do something on NAFTA and you want to take a look at fixing things that hurt the U.S. interests, you probably have to look past automotive. Automotive is a good story in NAFTA and I think people understand that.”
The first round of NAFTA talks is scheduled to begin Aug. 16.
You can watch the entire interview in the video below.