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AAPC Announces Proposal for Strong, Enforceable Currency Provisions in the Trans-Pacific Partnership

AAPC Announces Proposal for Strong, Enforceable Currency Provisions in the Trans-Pacific Partnership

WASHINGTON, D.C. – The American Automotive Policy Council, on behalf of its members, Chrysler, Ford and General Motors, today unveiled a new currency proposal that would achieve the group’s goal of strong and enforceable currency provisions in trade agreements, like the Trans-Pacific Partnership.

Congressional Negotiators Reach Deal on Fast-Track Trade Bill, Aides Say

House and Senate negotiators have reached agreement on legislation to speed congressional approval of foreign trade pacts, including a major Asia-Pacific agreement the administration hopes to complete early next year.

The Trade Promotion Authority legislation, also known as "fast-track," would include language directing trade negotiators to consider currency issues as a "negotiating objective" in future trade talks, according to people familiar with the deal. The language is an attempt to...
 

Levin, Portman urge Congress to tackle currency manipulation

Two key senators said Friday they want Congress to include provisions discouraging currency manipulation in legislation on fast-track authority on free trade agreements.

Sens Carl Levin, D-Detroit, and Rob Portman, R-Ohio, co-chairs of the Senate Auto Caucus, want Congress to include strong, enforceable currency provisions in the forthcoming Trade Promotion Authority bill, which will give the administration fast-track authority to negotiate trade deals and get up or down votes.

U.S. automakers: Korea’s interest in TPP should spur currency provisions

South Korea’s interest in joining the Trans-Pacific Partnership is yet another reason why a final trade pact should include strong, enforceable rules prohibiting currency manipulation, say American automakers.

“The Korean government has intervened frequently in the foreign exchange markets to manage the value of the won to gain or retain a competitive advantage,” American Automotive Policy Council President Matt Blunt says in a statement released today.

The AAPC represents the interests of the “big three” — Ford, Chrysler and General Motors.

GM: New Chevy Colorado to debut at 2013 LA Auto Show

The all-new Chevrolet Colorado will make its world debut next week at the 2013 Los Angeles Auto Show, according to General Motors Co.

The Detroit-based automaker today released a second teaser photo of the truck with a release about the midsize pickup truck debuting Nov. 20 during Chevrolet’s press conference at the show, which will be livestreamed on the brand's YouTube page.

AAPC Statement on Treasury Department’s Report on the 2013 International Economic & Exchange Rate Policies

WASHINGTON, D.C. – American Automotive Policy Council President Matt Blunt issued the following statement on the new U.S. Department of the Treasury’s Semiannual Report on International Economic and Exchange Rate Policies.