Prepare the auto sector for the potential participation of Canada in the Trans-Pacific Partnership.
What success looks like
Greater access to growing markets under conditions that are fair to Canadian workers.
Government's narrative on progress
The Comprehensive and Progressive Trans-Pacific Partnership was signed on March 8, 2018, and came into force on December 30, 2018. Budget 2018 committed the government to work with key sectors, including the auto sector, to evaluate the potential economic impacts of trade agreements, and ensure these key sectors remain strong and competitive. Actions, including the creation of the Strategic Innovation Fund, the establishment of the Invest in Canada agency, and the launch of the Global Skills Strategy are seeking to enhance the competitiveness of the Canadian automotive industry. These changes have helped to secure investments of $1.4 billion by Toyota Motor Manufacturing Canada, $500 million by Honda of Canada Manufacturing, more than $1 billion by Ford Motor Company of Canada, and $750 million from Linamar Corp., among other recent automotive investments. These investments have created and secured thousands of long-term jobs in manufacturing and research and development, while fostering innovation to position Canada as a leader in the development of the "car of the future".
Note: this is the government's own description, not an independent assessment.