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Auto Pact
DCHP-2 (Sep 2016)
Spelling variants:auto pact, APTA
n. — Automotive, Industry
a trade agreement between Canada and the US signed in 1965 that removed tariffs on automobiles, trucks and related parts.
Type: 4. Culturally Significant — The Auto Pact was signed in 1965 and facilitated the production of automobiles on both sides of the border. Canada benefitted from being able to produce car parts and assemble cars for the US market, while labour costs for US makers were lowered by production in Canada. The term is used in both Canada and the US, but is of greater economic importance in the Canadian context, which is shown in a higher discourse frequency in Chart 1.
See also COD-2, s.v. "Auto Pact", which is marked "Cdn", and OED-3, s.v. “auto" (n.5).
See also COD-2, s.v. "Auto Pact", which is marked "Cdn", and OED-3, s.v. “auto" (n.5).
Quotations
1964
[HEADLINE]
Auto Pact Deepens Confidence, But What About Inflation Risk?
1968
[...] from the United Auto Workers union, since the "earlier tariff cut under the Auto Pact had generated great savings for the Big Three."
1972
Although the objectives of the Canadian-U.S. auto pact have been met, as far as Canada is concerned, Canadian policy-makers still have reasons to be nervous about the future.
1983
The task force on Canada's auto industry, comprising company, government and union members, will "almost certainly" recommend that the Canada-U.S. auto pact become a multilateral agreement, says Kenneth Harrigan, president of […]
1988
As well, the deal [...] makes business travel easier between the two countries, modifies the auto pact and ensures that bidders from both countries have an equal opportunity to win federal government contracts above $25,000 (U.S.) in either nation.
1999
The World Trade Organization has confirmed a ruling that says the Canada-U.S. Auto Pact must go.
References
- OED-3
- COD-2
Images
