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International Trade

Chrysler, Ford and GM have supported every major trade agreement negotiation to establish a 21st Century Trans-Pacific Partnership (TPP) free trade agreement with Australia, Brunei, Chile, New Zealand, Malaysia, Peru, Singapore and Vietnam. AAPC also works to support U.S. trade relationships with other countries around the globe.

The Trans Pacific Partnership

The TPP will also provide a high standard free trade agreement model for the Asia-Pacific region, and a solid economic anchor for the United States in Asia to prevent an economic and trade divide in the middle of the Pacific region.

International Trade, and the TPP, will allow the U.S. to build on existing free trade agreements with four of the eight other countries (Australia, Chile, Peru, Singapore) by better coordinating and harmonizing gains already made in prior trade agreements with those nations. The TPP will serve as a substantial step forward by establishing free trade agreements with four new U.S. trade partners (Brunei, Malaysia, New Zealand and Vietnam). Finally, the agreement will allow the nine signatories to establish a model agreement capable of serving as a high-standard, broad-based regional pact.

Nov 17 2014
Written by William Mauldin | Posted on The Wall Street Journal

The Obama administration will fall well short of its goal of doubling exports in five years. But it is hoping to secure a longer-run victory on the trade front with sweeping new agreements in the next two years.

Nov 14 2014

For Immediate Release:
November 14, 2014
Contact: Colin Dunn
info@americanautocouncil.org
(202) 400 - 2609

AAPC Statement on Trade Promotion Authority

 

Nov 14 2014
Written by Michael Hunter | Posted on Financial Times

The yen neared its weakest level in seven years on Thursday and Tokyo’s stock indices once more outperformed their Asian peers with the prospect of a snap election continuing to hold sway over the country’s markets.

Speculation that Shinzo Abe, Japan’s prime minister, could seek to confirm his mandate for extended stimulus and delay a second scheduled increase in consumption tax set for next October continued to dominate sentiment.

Nov 10 2014
Written by Shawn Donnan | Posted on Financial Times

The Obama administration faces pressure to include currency provisions in a new Pacific Rim trade pact, with Republicans and Democrats citing swings in the yen as cause for action.

The White House has been trying to avoid addressing the issue in talks with Japan and 10 other countries over a Trans-Pacific Partnership (TPP), since a bipartisan majority in Congress called last year for any resulting pact to include provisions to ban currency manipulation.

Nov 06 2014

For Immediate Release:
November 6, 2014
Contact: Colin Dunn
info@americanautocouncil.org
(202) 400 - 2609

AAPC Statement on Japan’s Devaluation of the Yen