Governor Signs Memo of Understanding

Liz Gullett

Aug 05, 2016

This week, Governor Rick Snyder and Ontario Premier Kathleen Wynne signed a Memorandum of Understanding (MOU) to promote auto industry innovation and regional competitiveness. One of the stated goals is to leverage strengths and assets to promote and support innovation. In 2015, two-way goods traded between the two totaled $74 billion and more than 65% of Ontario’s total globe trade was conducted with the United States. Additionally, more than 60% of merchandise exports from the United States to Canada were destined for Ontario.

The MOU will create a working group to explore opportunities for increased collaboration that enhances the competitiveness of both. Potential focus areas include:

Technology advancement, including connected cars, autonomous vehicles, lightweight materials and alternative fuels
Increased supply chain integration and technology transfer through business-to-business partnerships
Best practices in industry strategy, regulatory and policy approaches, and workforce skills development.

To read the full Memorandum of Understanding, please click here.

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