AAPC Commends Bipartisan Majority of Congress for Supporting Rules to Prevent Currency Manipulation

WASHINGTON, D.C. - The American Automotive Policy Council (AAPC) today ran full-page ads in Politico and The Hill highlighting that bipartisan majorities in the U.S. House and the U.S. Senate support the inclusion of strong and enforceable rules in trade agreements that will prevent currency manipulation.

"A broad, bipartisan majority of the U.S. Congress is calling for strict currency manipulation rules in the TPP," said Matt Blunt, president of AAPC. "Enforceable, strong rules are critical to reaching a high-standard agreement that can be supported by the U.S. auto industry."

Toyota chief urges Detroit Three to list complaints

Toyota Chairman Takeshi Uchiyamada on Monday challenged Detroit-based automakers to spell out exactly what barriers they face selling in Japan’s market as negotiations between the United States and Japan on a regional free-trade pact intensify.

“We would like to hear specifically what kind of problems they are seeing. And listening, we’d like to work together in a forward-looking way, including confirming what they’re saying is a fact,” Uchiyamada told reporters after a speech to the Economic Club of Washington.

Auto industry gets tough on Japan in trade agreement talks

The American Automotive Policy Council, a trade group representing the Big Three automakers, is pushing back hard against Japan's new place at the negotiating table for one of the most comprehensive free-trade deals in years.

Initially conceived as an 11-country bloc when it was announced in Nov. 2011, the Trans-Pacific Partnership agreement aims to create a free-trade group with countries such as Vietnam, New Zealand and Malaysia. In July, during the 18th round of negotiations, Japan joined the talks, and the countries involved ambitiously hope to wrap up the discussions in October.