For Immediate Release:
September 9, 2014
Contact: Colin Dunn
(202) 400 - 2609
AAPC Statement on the Conclusion of the Trans-Pacific Partnership Negotiations in Hanoi, Vietnam
WASHINGTON, D.C. - American Automotive Policy Council President Matt Blunt today commented on the conclusion of the Trans-Pacific Partnership (TPP) talks in Hanoi, Vietnam.
"After 21 rounds of TPP negotiations, we remain alarmed that a key priority for the U.S. Congress has been ignored. Today, a full year after bipartisan majorities in the U.S. House and U.S. Senate called for currency rules in trade deals, the Administration still has not taken concrete steps to negotiate a solution to this trade-distorting behavior. Strong and enforceable currency rules are essential to leveling the playing field. Congress knows it, and we urge the Administration to address this critical issue in future talks.
"While the American Automotive Policy Council has supported every major trade agreement the United States has been a party to, the TPP will not warrant support if strong and enforceable disciplines are not included in the final deal. The TPP has the potential to open new markets and boost commerce in each of the member nations, but only if the agreement creates a level playing field for all of the partner countries."
The American Automotive Policy Council, Inc. (AAPC) is a Washington, D.C. association that represents the common public policy interests of its member companies Chrysler Group LLC, Ford Motor Company and General Motors Company.