Trans-Pacific Partnership

Ford steps up pressure over TPP

America's car industry has plenty to thank President Barack Obama for, but it's still unhappy with a flagship trade deal that the White House is negotiating.

The carmakers want the Trans-Pacific Partnership (TPP), a free trade agreement with 11 Pacific nations, to include provisions to stem what they claim is the deliberate weakening of the yen by the Japanese government, something they argue hands an unfair advantage to Japan's car manufacturers, writes the FT's Aaron Stanley.

Trade agreement must protect against currency manipulation

In the column “Carmakers’ currency stance imperils trade talks" (Jan. 26), David Nicklaus incorrectly implies that American automakers are pursuing currency provisions in order to delay the agreement or kill the negotiations altogether. In fact, U.S. automakers have supported every ratified free trade agreement and consistently lauded the economic potential of the Trans-Pacific Partnership.

Massive trade bill hits Hill

Three senior lawmakers on Thursday unveiled long-awaited legislation to help President Barack Obama strike major trade deals in Asia and Europe, setting the stage for a potential election-year battle between the president and many of his fellow Democrats in Congress.

UPDATE 1-U.S. automakers call for currency rule in Pacific trade pact

American automakers on Thursday pushed for rules against currency manipulation to be included in an ambitious trade pact being negotiated between the United States and 11 other Pacific Rim countries.

The American Automotive Policy Council, which represents Chrysler, Ford and General Motors, said participating nations should commit to not manipulating their exchange rates to gain an unfair competitive advantage.

Congressional Deal Reached on Obama Trade-Talks Authority

Congressional leaders who oversee trade policy introduced legislation today that would give President Barack Obama the fast-track authority he is seeking to enact three of the world’s largest accords.

House Ways and Means Committee Chairman Dave Camp of Michigan joined leaders of the Senate Finance Committee to offer legislation on so-called trade-promotion authority, which subjects trade deals to an up-or-down vote by Congress.

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.