For Immediate Release:
November 14, 2014
Contact: Colin Dunn
(202) 400 - 2609
AAPC Statement on Trade Promotion Authority
WASHINGTON, D.C. – American Automotive Policy Council President Matt Blunt today issued the following statement on Trade Promotion Authority:
“With Congress considering Trade Promotion Authority (TPA) for the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), it is now more important than ever that strong and enforceable currency rules are included as part of any major trade agreement. The American Automotive Policy Council cannot support a TPA bill that does not include stringent currency disciplines designed to result in a level playing field for all member nations.
“The American Automotive Policy Council and its member companies, Chrysler, Ford and GM, have supported every trade agreement that the United States has ever negotiated. As America’s largest export industry, we realize the potential of trade pacts such as the Trans-Pacific Partnership (TPP) for job creation and economic growth. However, even the most promising trade pacts can be threatened by other countries’ use of currency manipulation practices to gain an unfair advantage.
“Bipartisan majorities in both the House and Senate sent letters to the Obama Administration calling for strong and enforceable currency provisions to be included in future trade agreements. As these trade negotiations continue, it is critical that strong and enforceable currency rules be included.”
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.