Matt Blunt, president of the American Automotive POLICY Council (AAPC), which represents Ford, General Motors and Chrysler on trade policy issues, told Bloomberg BNA that it would be very difficult for USTR to reach an agreement with Japan.
Automakers, including General Motors Co. and Ford Motor Co., are hopeful a free trade agreement with currency manipulation stipulations will help grow sales in markets such as Japan, Malaysia and Vietnam.
GM Chief Economist Mustafa Mohatarem said Wednesday that Japan is his biggest worry on getting a deal done.
“If Japan retains the ability to manipulate its currency, the largest market outside the U.S. in TPP (Trans-Pacific Partnership) will remain closed to the U.S.,” he said at a U.S. Commercial Service business forum in Detroit.
U.S. automakers expressed frustration on Tuesday that trade negotiators aren’t pushing harder to include currency rules in international trade agreements.
The American Automotive Policy Council (AAPC), which represents the big three auto companies, said they are “alarmed” that the latest round of Trans-Pacific Partnership (TPP) talks in Hanoi have ended without the subject being discussed.
"After 21 rounds of TPP negotiations, we remain alarmed that a key priority for the U.S. Congress has been ignored,” said AAPC President Matt Blunt.
he U.S. and Japan are “really making efforts to strike a deal” as soon as possible in bilateral auto negotiations related to the Trans-Pacific Partnership (TPP), Japanese TPP Ambassador Takeo Mori said Sept. 5.
In remarks to reporters following three days of negotiations with acting Deputy U.S. Trade Representative Wendy Cutler in Washington, Mori said that the talks are at the “endgame” stage, but he declined to estimate when they would be concluded.