2007-02-23 04:05:04 · 2 answers · asked by randi g 1 in Environment
Auto Pact is an important trade agreement between Canada and United States and it is also called as Canada-United States Automotive Agreement.
2007-02-23 04:37:30 · answer #1 · answered by BSA 3 · 1⤊ 0⤋
The Canada-United States Automotive Agreement, commonly known as the Auto Pact, 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 of 1965.
t 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.
2007-02-25 00:31:05 · answer #2 · answered by ♥ ΛDIƬΥΛ ♥ ııllllııllıı 6 · 0⤊ 0⤋